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Q pd-b� <br /> TIF Certification <br /> Certify before June 30, 2009, with revisions to the TIF Plan by holding a public hearing, <br /> ( Vv use ft 2009 tax values. Delay until 2011 <br /> P47-foto <br /> Delay of increment starts at date of approval of the TIF District (April 2006), not at time <br /> of request of certification. It is not how we were thinking it was going to work out, but as <br /> we reviewed the new statute this is what we found out. <br /> Certify after June 30, 2009, but before July 24, 2009. No revisions to the plan needed, <br /> use 1y 2010 tax values. Starts 2011. <br /> PAS dotk <br /> The difference is the tax values for pay 2009 and 2010. The concern is that the tax value <br /> for pay 2010 will be higher. Staff has disu � with the City Assessor Frank Langer and <br /> he stated that the tax values for#W/ k011'e either the same or lower. <br /> OAPW P&k a of I �V <br /> Staffs opinion is just waiting until after June 30, 2009. It ends up being the same result <br /> as if the City certified the district before June 30th, with the revisions to delay until 2011. <br /> However, the City should request certification before July 24, 2009 to be able to <br /> reimburse itself for the demolition of the properties across from City Hall. <br /> If comfortable with this make a recommendation to the City Council for their74-9'T <br /> meeting. <br /> • <br /> h� n �� I n o'�o YJ vc <br /> I ��e <br /> �`� U <br /> Sim we. <br />