Laserfiche WebLink
MAR 23 '69 E3: 44 E3525 ED,INBRO�OK PAGE 1 08 <br />Summary, of Ux Increment Financm'og B'1'111 March 31, 1989 <br />Page 5 <br />These pirmisions are eff eaive, for the 1990 levy, limits. <br />is-) _.k 0! v m I&L <br />PRMENT 1AW <br />This, change returns the law to the 0 ngi 0911979, tax incremcnt rinanicing art. Siitice the, absolmr. -Imounis or TI'F <br />t is recent years, development authorides should be abilc to rcrdizc cconornies <br />reve�n,ues havc m"CreasOd &ma11c"Y M <br />of' scale in, zdmi1U*sterm`g distri0g. <br />rMIEPWI LAW' <br />Thr. knock-down rules pro,viidc that 'if dery e-lopmeat activity ha.& not occuffed M a PaFC I with'n roar Years after <br />Certirication of the d4trict, the, pamell 11 be, dropped, from, the district., Development acti�vlily is defined as <br />ofit^on, rchsibilliltatim4 or, renovation awl the property, iincliud,ing, improvement, of a sircet adjacent i,o t lic parcel. <br />dem i 1 41 <br />The activity, may be, done tithor by the pubfic agency, %vith, or without, use or increment, revicntivs, (Ir IN V [lie <br />41 <br />private owners <br />EXPILANArnON ()IF PRO ION' <br />The, bill modirits the kniockedovm rules to provildc that strect improvements do not s.-.1tisfy the knock chm-n ridus. <br />a <br />