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<br />. <br /> <br />Presented By <br />Attention: <br /> <br />Resol ution <br />Board of <br />ppamsey Gounly Commissioners <br /> <br />Commissioner Schaber <br /> <br />Date Sep tember 13. 1982 . No. <br /> <br />82-734 <br /> <br />Page Two - continued <br /> <br />. <br /> <br />making negotiated recoupment either a total or partial <br />requirement for every tax increment project. Starting with <br />the premise that the municipality should eventually recoup <br />all or part of its subsidy, with the timing and amount of <br />recoupment determined by a project's profitability, a more <br />selective use of tax increment financing would occur. The <br />recoupment plan could include alternatives such as repayment <br />to the c; ty very quickly or only when and if the project is. <br />sold; municipally retained ownership of the hnd and recouping <br />expenses th rough 1 ease arrangements; or the deye 1 opel'" a 11 ow; "9 <br />the municipality to be partial owners of the development. <br /> <br />Municipalities are encouraged to develop tax increment plans <br />as part of their capital improvement planning and budgeting <br />processes to insure that their goals are accomplished in a <br />systemati c way. 5i nce a mun; ci pal ity IS capacity to carry <br />bonded debt is limited. so is its ability to use tax increment <br />financing. As part of its debt management process, the munici- <br />pa1ityshould decide what portion of its bonded debt it wishes <br />to allocate to tax increment bonds. That partie" should then <br />be tentatively allocated to various activities deemed appropriate <br />recipients of tax increment resources. Resulting development <br />projects could then be considered on how they relate to the <br />previously identified needs of the municipality. <br /> <br />. <br /> <br />'ROBERT J. OTUH. Ch.a1.Iuna.n <br /> <br />