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esolu io <br /> Board of <br /> tease Co1 ComznisionsmUnems <br /> Presented By Commissioner Schaber Date September 13, 1982 No. 82-734 <br /> Attention: <br /> Page Two - continued <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 city very quickly or only when and if the project is , <br /> sold; municipally retained ownership of the land and recouping <br /> expenses through lease arrangements; or the developer allowing <br /> the municipality to be partial owners of the development. <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 /> systematic way. Since a municipality's 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 /> pality should decide what portion of its bonded debt it wishes <br /> to allocate to tax increment bonds. That portion 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 /> ROBERT J. ORTH, Chaicman 8y — <br /> •..r - (h#pwi';i Rile* <br /> P d 9E09E9090E OM/S l :S l IS/01 :51 Mg '00 (OH!) 099-EE-6- 19 'IflVd IS NVOHOW S00IHS WOHd <br />