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2003-191 Council Resolution
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2003-191 Council Resolution
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7/30/2015 1:20:56 PM
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7/30/2015 9:35:47 AM
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City Council
Council Document Type
Resolutions
Meeting Date
10/27/2003
Council Meeting Type
Regular
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0 <br />AGENDA ITEM 3-B <br />• <br />STAFF ORIGINATOR: Al Rolek <br />DATE: 10/27/03 <br />TOPIC: Resolution No. 03-191 Decertifying Tax Increment Financing <br />District No. 1-6, Apollo Business Park <br />BACKGROUND: <br />Tax Increment Financing District No. 1-6 was established in 1994 as a one - <br />project district to provide assistance to UDOR U.S.A. The obligations in that <br />district have been satisfied. This resolution terminates the district as of November <br />15, 2003. This project, totaling approximately $375,000 in market value, will add <br />an additional $3,000 of city taxes on the tax rolls. <br />OPTION <br />1. Adopt Resolution No. 03-191 Decertifying Tax Increment Financing <br />District No. 1-6 <br />2. Return to staff for further consideration <br />RECOMMENDATION: <br />Option 1 <br />
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