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NOV 16 '95 02.59PM EHLERS & ASSOCIRTES <br />Kathy Glanzer <br />Page 2 <br />November 16, 1995 <br />(1) <br />(2) <br />P.3/6 <br />Approve Redevelopment Project and Tax Increment .Financing Plan for 121. District <br />No. 3 -2. <br />Redevelopment Project No. 1 and Tax Increment Financing District No. 3 -2 are <br />designed to be under the jurisdiction of the EDA. As the final action related to this <br />TIE District, the EDA will be asked to adopt a resolution approving the <br />Redevelopment Project and the TIE Plan. A copy of the proposed resolution will be <br />sent to you by Briggs and Morgan. <br />Accept transfer of jurisdiction of Development Districts Nos. 2, 4, and 5 and Tax <br />Increment Financing Districts Nos. 2 -1, 3, and 5 and authorize execution of pledge <br />agreement. <br />This action completes the comparable item on the Council agenda. The EDA will <br />be asked to adopt a resolution accepting transferring the jurisdiction for these <br />development districts and TIF districts to the EDA. The EDA will approve the <br />pledge agreement for TIE revenues from the TIE districts to pay existing tax <br />increment bonds. A copy of the proposed resolution will be sent to you by Briggs <br />and Morgan. <br />Please call me if you have any questions. <br />Page 16 <br />