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� <br />EN HILLS <br />Request for Counc�� Action <br />Prepared By: 7i11 Hutmacher, Cammunity <br />Deveiopment Director Councii Meeting Date: December 20, 2010 <br />Proposed TIF Disirict — Presbyter�an Homes Redevelopment <br />B�dgeted Amount: Actual Amount: Funding Source: <br />N/A N/A NIA <br />Recoutmendation: <br />1. Motion to adopt Resolution 2010-081, a resolution approving contract for private <br />development and awarding the saie of, and providing the form, ternns, covenants and <br />directions for the issuance of its $1,115,000 Tax Increment Reven�e Nate. <br />2. Motion ta adopt Resol�fion 2010-482, a resalntion adopting a modifcation to the <br />Development Progwam for DeveIopment Districi No, l.; and esfab�ishing Tax iucre�nent <br />Financing District No. 4 therein and adopting a Tax I�tcrement Finance Plan therefor. <br />3. Motion to adopt Resoluti�n 2010-083, a resoIution authoxizing an interfund loan �or <br />advance of certain costs �n connection with Tax Increment Financing District No. 4. <br />Su ortin Docume�nts: <br />i. Memo frorr� Ji�l Huimacher, dated Decernber 20, 201Q <br />2. AttacHment A: Black-lined copy of Cantract for Private Developtx�ent showing changes since <br />December i 3, 201 Q <br />3. Attachment B: Clean Copy of Coniract £or Private Developnnent <br />4. Atta.chment C: Revised Appendices F& G to the Tax ��crement Finance Plan far District No. 4 <br />5. Attachrnent D: Resolution 2010-OS1 <br />6. Attachrnent E: Resolution 2010-082 <br />7. Attachment F: Resoiution 2010-083 <br />