Laserfiche WebLink
REQUEST FOR COUNCIL ACTION DATE: 12-13-93 <br /> ITEM No, : <br /> Department Approval, Manager Reviewed: Agenda section: <br /> Consent <br /> Item Description: Authorization to set public hearing date for <br /> consideration of creating Tax Increment Finance <br /> District #14. <br /> BACKGROUND <br /> 1. CSM is proposing to redevelop the parcel of land at 2360 W. County Road G, <br /> known as the Ettinger site. CSM's proposal includes demolishing portions <br /> of the building, reconfiguring and modifying the exterior appearance of <br /> the existing building, and adding two new "office/warehouse buildings to <br /> the site. The total building square footage is anticipated to be <br /> approximately 215, 000 sq. ft. <br /> CSM is requesting tax increment financing assistance for the project. <br /> This would be a pay-as-you-go deal with no up front funds given to the <br /> developer, The City staff is in the process of working with the developer <br /> to work out the details of the tax increment financing package to present <br /> to the Council for consideration. <br /> 3 The CM site is not currently within a tax increment financing district, <br /> Therefore, the City must go through the process to create a new tax <br /> I <br /> ncrement financing district. The first step in the process is to <br /> schedule a public hearing. <br /> Staff Recommendation: <br /> 1 . It is recommended that the City Council approve the attached resolution <br /> setting the public hearing date for January 24 , 1994 , City staff will <br /> present the required tax increment financing plan and details of the tax <br /> increment financing package at the public hearing. <br /> Council Action Reauested: <br /> 1. Motion to approve resolution setting the public hearing date for January <br /> 24f 1994 , <br /> Staff Report by: Rick Jopke <br />