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03/25/1996 Council Packet
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03/25/1996 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
03/25/1996
Council Meeting Type
Regular
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AGENDA ITEM 7 <br />STAFF ORIGINATOR: Brian Wessel <br />DATE: 3/25/96 <br />TOPIC: Public Hearing, Modification of Tax Increment Financing Plan for Tax <br />Increment Financing District No. 1-7 <br />BACKGROUND: <br />Earlier this evening the EDA also adopted the modification of <br />�n to provide <br />financial assistance to two companies proposing to build in the Apollo Business <br />Park, and to add additional parcels to TIF District No. 1-7. These tight industrial <br />parcels are being added to the district to take advantage of the capacity <br />available. This will provide the city with the opportunity to take further advantage <br />of the momentum it has gained in attracting light industrial business. <br />Anoka County and Centennial and Forest Lake School Districts have been <br />notified regarding the modification. <br />OPTIONS: <br />1. Open the public hearing <br />2. Continue the public hearing <br />RECOMMENDATION: <br />Option 1 <br />
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