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<br /> <br /> STAFF REPORT <br /> <br /> <br />TO: Little Canada Planning Commission <br /> <br />FROM: Joel Hanson, City Administrator <br /> <br />DATE: March 23, 2018 <br /> <br />RE: Creation of Tax Increment Financing District 7-1 <br /> <br /> <br />The City is in the process of creating tax increment financing district #7-1. The parcels that will be <br />located within the district are shown on the Aerial Map attached. This district is being created to foster <br />redevelopment within the two areas noted. The Suite Living project will generate increment that can <br />assist with other redevelopment objectives; especially in the northern area of the map. Specifically, the <br />owner of 93 West Little Canada Road is interested in redeveloping that site. Creation of a downtown <br />or town square has also been discussed for that area but no planning action has taken place to date. <br /> <br />The Commission should review the attached Development Program and Tax Increment Financing <br />plan. After reviewing those documents, staff is requesting you adopt the attached resolution if you <br />are in agreement that this program is in conformance with the general plans for <br />redevelopment/redevelopment of the City. Should you have any comments or questions in the <br />meantime, please don’t hesitate to give me a call. <br /> <br />