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92 <br />93 <br />9� <br />95 <br />96 <br />97 <br />98 <br />99 <br />100 <br />101 <br />102 <br />I03 <br />104 <br />1 f�5 <br />Attachments <br />D ResolutiQn Adapting an Amendment to the TIF District #1 Plan, az�d extez�ding the <br />d�ratian af the l7istrict for an additional2 years. <br />Staff Recoa��endatio� <br />TIF District #1 has ful�lled ail of its obligations and can be decertified wi�h �o direct adverse <br />impacis. Ha�wever, in racognition o� t�ie su�stantiai cl�ailenges in redeveloping ihe Twin Lakes <br />Redevelapmez�t Area, Siaif recammends ti�e Cau�ci� approve ti�e 2Tyear extex�sion to provide an <br />additian�al redev�;lopment tool. <br />In the eve�� �hat these funds are nat need�c�, ar i�'the Co�nci� can�aat reach an agreer�ent an hovv <br />to expend the fiuids, t�ie Czty caz� sirnp�y re�zit the additinnal captured rno�ies back to t�e various <br />ta�ing jurisdictions. <br />106 Counc3l Action Requested <br />107 Adopt the attached xesolutian adopting ar� Amendmez�� �o t�Ze TiF Distrxet #i �lan, and extendi�z� <br />108 the duration oi tl�e Distriet £ar an additional 2 yeaxs. <br />109 <br />3 <br />