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03-23-1999
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03-23-1999
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8/20/2018 5:33:10 AM
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MV EDC
EDC Document Type
Council Packets
Date
3/23/1999
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d. <br /> • <br /> III. Financial Assistance <br /> a. T. ement financing will no • • 2. -r be used . e City toe -ours:- �r <br /> ist wi econiamic .evelop .ent, in ' - heli-.' that p.,vate sec or market <br /> conditions s • ld dictate ' ther, where an. when such • opment occurs. <br /> b. Tax increment financing will be used by the City selectively and sparingly, in <br /> order to attract or retain highly desirable businesses that would otherwise <br /> decline to move to or remain in the City. <br /> c. Tax increment financing will be used by the City whenever doing so will <br /> enable the City to attract a new business, retain or expand an existing <br /> business, provide new employment opportunities, enhance the City's tax <br /> base, or otherwise improve the appearance or vitality of the local business <br /> UNC` economy. <br /> d. Tax increment financing will be used in a manner consistent with the City's <br /> TIF Policy, which may be amended from time to time to reflect changes in the <br /> local economy and/or the public assistance philosophies of the members of <br /> / <br /> the City Council and/or the Economic Development Authority. <br /> e. <br /> 0 <br /> OVA} <br /> / I <br /> AtV <br /> • \ <br />
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