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AGENDA ITEM 5 <br />STAFF ORIGINATOR Brian Wessel <br />DATE <br />June 7, 1995 <br />TOPIC Consideration of Resolution 95-05 authorizing preparation <br />of a Development District program for Development District No. '3 and a Tax <br />crement Financing Plan for Tax Increment Financing District No. 3-1 <br />It has been determined that the establishment of a new TIF District within the <br />Clearwater Creek Development Center is of benefit to the city in anticipation of <br />development on the I-35E/County Road 14 interchange area. The establishment of a <br />new district will allow the city to provide tax increment assistance to assist <br />development. <br />........................ <br />1. Authorize preparation of a Development District Program for Development District <br />#3 and a Tax Increment Financing Plan for TIF District 3-1 <br />2. Return to staff for further consideration <br />Option 1 <br />