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Department Apprpval: Manager Reviewed: Agenda Section: <br />Item Description: <br />�1 <br />Reports and Recommendations <br />Amendment to Tax <br />Increment District #10. <br />The Planning Commission at its Octob.ar 12, 1988 meeting, tabled the <br />amendment to Tax Increment District #10 for 60 days. This <br />redevelopment district is the same one that was approved for the <br />Can -Am, Cleanco, and Rosedale projects except it now includes <br />Concordia. A summary of the new district is attached. <br />However, Mr. Bell has reviewed the fact that tax increment law which <br />states that the Planning Commission simply "comments" on the plan. <br />In Mr. Bell's opinion, the 60 days does not apply to tax increment <br />comments by the Planning Commission. Thus, if the Council approves <br />the Concordia project, it can subsequently approve the TIF amendment <br />if so desired. Mr. Bell's letter is attached. <br />COUNCIL ACTION REQUESTED: Motion to approve/deny Amendment to Tax <br />Increment District #10. <br />