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1989_0717_packet
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1989_0717_packet
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11/16/2011 1:56:18 PM
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CE <br />[AF <br />�ffl <br />VA <br />�]F <br />a <br />I I i 11 6 mom, 01 APRU 01 6 I I 1 11 ii S <br />The City will continue to pool tax 'increments for purposes <br />that the Council deems worthy,.1 These pooling funds will be <br />deri, ved only from the available surpluses from existing <br />projects, or new projects where a reasonable "but for" is <br />sh,o'wn.1 Projects will not be created as tax increment <br />projects for the sole purpose of pooling. <br />A4 <br />not Paxt of the tiarciet arlea? <br />in the case where, a sign iLf i cant proi- ect would be proposed <br />0 <br />outside of' the targeted area and it would negatively impact <br />the development in 'the target area, that development sh-ould <br />not be encouraged or f inanc i'ally supported by the City. <br />4 0 <br />In view of the fact that the City is serving as a maj • <br />9 N I <br />sourcle of f inancing f or a number of redevelopment pro] ects <br />the Ci ty cons milder alternative ways of working w ith new <br />r�lrojects which could retiurn non tax revenue while still <br />41 <br />assisting said d,eive,lopmen,ts. <br />What is the Citys role versus themarket? <br />qmlmll Illpil 11111111 II::iIIq:I 10 0 11 �III Mdt*]M@�M <br />0 <br />Proposals gin the city's target area were requesting financial <br />1i <br />assistance, shall ble reviewed but not limited • the following <br />principles <br />
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