File #: 9642-23 2nd rdg    Version: 1 Name: Ordinance 9642-23 on second reading
Type: Ordinance Status: Passed
File created: 1/18/2023 In control: City Attorney
On agenda: 2/2/2023 Final action: 2/2/2023
Title: Adopt Ordinance 9642-23 on second reading, establishing a Redevelopment Trust Fund to provide for the deposit of funds into the trust fund for the North Greenwood Community Redevelopment Area, establishing the base year for the Community Redevelopment Area, providing for the appropriation of tax increment revenues of the city and the county to the Redevelopment Trust Fund, providing for the use of such funds by the Community Redevelopment Agency, and providing for the duration of the tax increment financing.
Attachments: 1. Ord 9642-23 - Trust Fund Draft

SUBJECT/RECOMMENDATION:

Title

Adopt Ordinance 9642-23 on second reading, establishing a Redevelopment Trust Fund to provide for the deposit of funds into the trust fund for the North Greenwood Community Redevelopment Area, establishing the base year for the Community Redevelopment Area, providing for the appropriation of tax increment revenues of the city and the county to the Redevelopment Trust Fund, providing  for the use of such funds by the Community Redevelopment Agency, and providing for the duration of the tax increment financing.

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