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Hearings <br />M NO.*. <br />LOBO 0 <br />U401 UL <br />ORIGINATING DEPT./DIV..' <br />L23M <br />MEMN <br />DEPT. HEAD APPROVAL, <br />ITEM DESCRIPTION' CONSIDERATION OF TAX INCUMENT FINANCING MGR. REVIEWED/ RECOMMENDS', <br />DISTRICT,FOR, 5,0�O WE�STI COUNTY RD B - HOUSING ALLIANCE DEVELOP &Z Ab <br />I <br />At 'Its regular meeting of July 23,, 1984 the City Council established a Public <br />Hearing date to consider the creation of a Tax Increment, Finance District for <br />the proposed Housing Alliance Senior Citizen plroj e,c,t.1 <br />At its September .5th, meeting, the Planning Commission found that the proposed <br />Tax Increment Program for the property is consistent with the City of Roseville's <br />comprehensive plan. This finding was one of the requirements necessary to <br />create the Tax Increment District, . <br />The Staff' has been working, with representatives of - Housing Alliance and legal <br />counsel to draft a development agreement to accomplany the Tax Increment Plan. <br />Several, "items remain to be resolved before this agreement is ready for the <br />co ' <br />ns l deration of the Council 6 We suggest that the Public Hearing and considera- <br />tion of the Tax Increment Plan and Agreement be continued, until the meeting of <br />September 24th so these documents can be finalized.1 <br />COUNCIL, ACTION' REQUSTED: A motion continuing the Public Hearing for the establishment <br />of a Municipal Development District and Tax Increment <br />Financing District for 500 West County • B to the September <br />2114$ 1984 regular Council, Meeting, <br />