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• July 9, 2003, the Planning & Zoning Board passed Resolution No. 03 -01 finding that the <br />establishment of TIF District No. 1 -10 was consistent with the Comprehensive Plan. On <br />November 12, 2003 the Planning & Zoning Board passed Resolution 03 -02 finding the <br />establishment of TIF District No. 1 -11 is consistent with the Comprehensive Plan. <br />• <br />• <br />The Comprehensive Plan's goals and policies call for promoting development and <br />redevelopment within the Development District, fostering the revitalization of underdeveloped <br />properties, increasing the tax base and facilitating development of a range of housing types and <br />commercial services; including: <br />1. Guiding the 22 -acres property for mixed use <br />2. Pursuing improvements to the I -3 5 W /Lake Drive interchange <br />3. Establishing the Town Center Village (Legacy at Woods Edge) as a high profile <br />community focal point that integrates a mixture of commercial, medium and high density <br />housing. <br />OPTIONS <br />1. Recommend approval of Resolution No. 11 -01 finding the Modified Development Program <br />for Development District 1 and for Tax Increment Financing District 1 -10 to be consistent <br />with the goals and policies of the City's Comprehensive Plan. <br />2. Return to staff with direction. <br />RECOMMENDATION <br />Option 1 <br />ATTACHMENTS <br />1. Resolution No. 11 -01 <br />2. Map of Tax Increment Financing Districts No. 1 -10 and 1 -11 <br />3. Modified Development Program for Development District No. 1 <br />4. Tax Increment Financing Plan for TIF District No. 1 -10 <br />