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Ilk BEQUEST QUEST FOR COUNCIL ACTION DATE: 7/14/86 <br />Ile <br />ITEM NO.: P,,Z, <br />Department, Ap iroval: <br />P <br />Manager Reviewed: 0 <br />Agenda Section, <br />■ <br />Item, Description: Resolution establishing Tax Increment District No. <br />51, and approving the Tax Increment Financing Plan <br />and the development program relating thereto, <br />A 0 <br />The Planning Comm 'miss lion at its July 2, 1986 meeting, unani-MOUSIV <br />approved, a resolution stating that, the proposed new Tax Increment <br />District No. 5 'is 'in, com,plete accordance with the CJ-tY'S Comprehensive <br />Plan 11, <br />A <br />The Tax Increment DIStriCt No* 5 essentially brings parcels into the <br />a <br />district whiere the CiLty anticipates major development occurring over <br />IN p 0 <br />the next four years,, The resolution approving the new District is <br />attached .1 <br />A UOIJ I � � JL <br />Motilion approlving/denlying resolut d <br />i,on establishing Tax Increment <br />District No, 5, and, aD'Droving the Tax Increment Financing Plan <br />and the development program relating thereto S <br />