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require tax increment to <br />to negate the need for <br />� which considers whether <br />outweigh the anticipated <br />review board accepts the <br />no lost revenue. <br />� <br />� <br />RECOMMENDATION: Delete Item 3. <br />move forward. This would seem <br />item 3, depicted on line 3G, <br />the development's b�nefits <br />loss in tax revenue. If the <br />but for, there is technically <br />ISSUE: But For Findina Relatinq ta Higher 4uality Development <br />�paae 7. line 13� <br />CO�MENT: The City finds this item extremely troubling based on <br />the fact that it is stating that a"but for" cannot be <br />made based on the fact that a subsidy is r�quired to <br />induce development of a higher q�xality ar at an �arlier <br />time. If one assumes that the tax increment i� �eeded <br />to make the project iinancially feasible, �he whole <br />int��t of �ax increment is to insure hi�her au�tv <br />deve�oqmen�! A case in paint involves the <br />elimination of subs�andard homes in Rosevill� which <br />were replac�d by a 40�OQ0 sq. foot �SP build�ng. �he <br />City w�s "inducing" higher quality d�ve�o�ment above <br />and beyond t�� previou� zesidential use. Higher <br />quality uses and r�dev�lopmen� are �he �ntent of tax <br />incr�ment arid this item app�ars to campletely �liminate <br />th�s int�nt. <br />g1�Cp,� TIO�: Del��� t�is item. <br />;,�t�;,, Ca��ormanGe �o Current Zoninq 4rdin�nc�s (page 7, �in� <br />19j <br />COMM�NT: ��� proposed legi�lation r�quires ths� th� t�x <br />incremen� fin�ncing plan con�o�ms to cur�ent �on�ng. <br />Currant xo�ing do�s no� reflect the futur� in�ent no� <br />lang ter� goals of a com�uni�y. Th� comprehensf�e �l�n <br />re�l�cts �he G��y's futu�e i��en�ions a� oppased ta the <br />curr�n� znning. � �ommunity�s �om�rehensi�e P��n mu�t <br />haye loc�l Fl�nni�g Commi�sfon and Ci�y Council <br />appro�al p�us the approval of th� Me�rop��i��n Council <br />- th�r�by insuxinq every possib�� �venue �or ! <br />c �Q�y m�nt • <br />REC�MI�EN�ATION: The languago should �ae modifiecl to rc�fl�ct <br />con�Armance to the appr�ved Compr�hensivc� �lan. <br />• i -u-t - r • �- • ...- ; - _ ...- <br />. - <br />_e- <br />�OMMEt�T: '�his item states that any redevelopment activit� <br />financed by tax �ncrement rnust provid� dir�ct benefi�t <br />to the praperty locat�d in t�e c�istrict and must have a <br />