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DESCRIPTION
Proposed expansion of Howard/Hartrey Tax Increment Financing District
Citation preview
Proposed Expansion of Howard/Hartrey
Tax Increment Financing District
August 12, 2013
2
Howard/Hartrey History
• Established in 1992• Addressed redevelopment of industrial
property and created an opportunity for commercial redevelopment
• TIF was established under “blighted” classification
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Why Geographic Expansion of TIF?
• Redevelopment of 222 Hartrey Avenue• Improve area infrastructure (sidewalks, roads,
alley, parking areas)• Expiration in 2015
Public Approval ProcessDate Activity
Monday, Aug. 12 Introduction/Action of Ordinance to City Council to Adopt Public Hearing Concerning Creation of Howard/Hartrey TIF District
Wednesday, Aug. 14 Notice of Public Hearings sent by certified mail to affected taxing bodies, IDCEO, and any interested parties
Wednesday, Aug. 21 Notices of Existing & Amended TIF District sent to residential addresses within 750’ of proposed TIF boundary
Thursday, Sept. 12 Joint Review Board Meeting at 3:00p at LHM Civic Center Rm. 2200
Monday, Oct. 28 City Council holds the Public Hearing for the Proposed Howard/Hartrey TIF District Amendment
Monday, Nov. 11 City may introduce and adopt ordinance to amend the Howard/Hartrey TIF District
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