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AGENDA ITEM 3 <br />STAFF ORIGINATOR: Brian Wessel <br />DATE: 12/18/95 <br />TOPIC Consideration of Resolution No. 95-16 adopt'ns <br />Tax Increment Financing Plans for Tax Increment' Fin in+q <br />District Nos. 1-1 and 1 - <br />BACKGROUND <br />On November 13 the EDA authorized preparation of a modification of the plans <br />for Tax Increment Financing Districts 1-1 (Rice Lake Estates) and 1-2 (Sunrise <br />Meadows) This plan modification will reimburse the city's service area fund used <br />to finance the West Central trunk project. <br />OPTIONS: <br />1. Adopt Resolution No. 95-16 adopting a modification of the Tax In+ <br />Financing Plan for Tax Increment Financing District Nos. 1-1 and 1-2 <br />2. Return to staf'for further consideration; <br />RECOMI NI' ATION <br />Option 1 <br />