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03-28-2018 Planning Commission Packet
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03-28-2018 Planning Commission Packet
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Municipal Action Taken <br />(This Municipal Action is only for convenience of reference.) <br />Based upon the statutory authority described in the Development Program attached hereto, the public purpose <br />findings by the City Council and for the purpose of fulfilling the City's development objectives as set forth <br />in the Development Program, the City Council has created, established and designated Development District <br />No.7 pursuant to and in accordance with the requirements of the Municipal Development District Act and <br />the TIF Act as defined in the definitions of this document. <br /> Tax Increment Financing District No. 7-1, a scattered-site redevelopment tax increment financing district, <br />was established at the same time that the Development District No. 7 was established. <br />The following municipal action was taken in connection therewith: <br />Development District No. 7: <br />April 11, 2018: The Development Program for Development District No. 7 was adopted by the City in and <br />for the City of Little Canada. <br /> Tax Increment Financing District No. 7-1: <br />April 11, 2018: The Tax Increment Financing Plan for Tax Increment Financing District No. 7-1 was adopted <br />by the City in and for the City of Little Canada. <br />i
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