TIF Redevelopment Plan Advanced for West Park Mall

FINANCIAL_SERVICES

Up to 23 years of tax increment financing per project area; no project ordinance adopted later than 10 years from plan approval

Plan states no redevelopment project ordinance may be adopted more than 10 years after plan approval and that TIF-supported obligations must be retired within 23 years of each project area’s approval; future redevelopment agreement may specify additional extension or sunset terms.

Agenda