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REQUEST FOR COUNCIL ACTION DATE: 1/12/87 <br />ITEM NO.: <br />Department Approval: Manager Revi'ew'ed Agenda Section, <br />Hearings <br />itiem Descri� tion'., Resolution approving new Tax Increment Financing <br />,P <br />D iki <br />istricts 6, 7, and 8. <br />The Roseville Planning Commission, at its January 7. 1987, meeting <br />unanimously recommended iaipproval of �t,hei new Tax Increment Financing <br />Districts 161, 171, and 8., These districts were previously reviewed with <br />the C,311-ty Council at the Deicember 1,81, 1986, Work Session. <br />The three distri"icts,, two of which are twenty-five year redevelopment <br />a <br />distrIcts and one of which, is an eight year economic development <br />district sholuld produce approximately $100,000 per year when built out, <br />a <br />A resolution approving the districts isi attached. <br />I <br />M10ti, on apprcving/denyinigi resolution, approving new Tax Increment <br />Financing Districts, 6, 7, and • <br />