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04-08-2019 Council Packet
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04-08-2019 Council Packet
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10/30/2021 1:08:47 PM
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10/16/2019 11:52:51 AM
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City Council
Council Document Type
Council Packet
Meeting Date
04/08/2019
Council Meeting Type
Regular
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Proposed Development <br />9 <br />Area A: Townhomes <br />Est. Value: $6.0M <br />Est. Total Tax: <br />$105k <br />City Share: $31k <br />Area B: <br />Commercial/Retail <br />Est. Value: $3.3M <br />Est. Total Tax: $119k (est.) <br />City Share: $17k (est.) <br />Area C: <br />Independent/Assisted Living <br />Est. Value: $28.8M <br />Est. Total Tax: $505k <br />Available Increment*: $392k <br />City Share Post TIF: $150k <br />*increment 95% of total tax <br />Area D: Skilled Care <br />Est. Value: Exempt <br />Est. Total Tax: NA <br />City Share: NA <br />City receives taxes –taxes year 1 <br />City receives increment for project <br />development <br />Tax exempt portion of building
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