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CC_Minutes_2004_0517
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CC_Minutes_2004_0517
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Last modified
7/17/2007 9:29:10 AM
Creation date
12/15/2005 12:20:28 PM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
5/17/2004
Meeting Type
Study
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<br />Redevelopment and Financial Tools Study <br /> <br />Tax Increlnent Financing <br /> <br />~ Creates a funding source from tax revenue <br />generated from new development <br /> <br />~ City has authority to use that funding source to <br />provide redevelopment assistance <br /> <br />~ Fundamental issue: But-For <br /> <br />- Statutorily required test needs to be met in order to <br />provide assistance to a development <br /> <br />~~,:"~"I,~r~;~~~D <br /> <br />Tax Increlnent Financing <br /> <br />~ But-For test: <br /> <br />- City to make a finding that". . . the proposed <br />redevelopment would not reasonably be expected to <br />occur solely through private investment within the <br />reasonably foreseeable future..." <br /> <br />~ Related to policy points such as impact to taxpayer <br />and issue of development assistance <br /> <br />4 <br /> <br />1~~,,~"~"I,~r~~~~D <br /> <br />2 <br />
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