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CASE <br /> <br />AMENDED AND RESTATED DEVELOPMENT PROGRAM FOR DEVELOPMENT <br />DISTRICT NO. 1 AND AMENDED TAX INCREMENT FINANCING PLANS FOR TAX <br />INCREMENT DISTRICTS NOS. 1,2,4, AND 6. <br /> By: Cindy Sherman, Community Development Director <br /> <br />Background: <br /> <br />As directed by the City Council the staff has been working with the £mn of Kennedy and Graven <br />to prepare modifications to the boundaries of the Development District and amendments to the <br />TIF Plans for TIF Districts Nos. 1, 2, 4, and 6 within the Development District. The City <br />authorized the preparation of the amendments to incorporate budget changes within the districts <br />and to expand the area of the Development District. <br /> <br />Recommendation: <br /> <br />Staff recommends the Council approve the modifications as outlined in the report. <br /> <br />Council Action: ~ ~.~ I ~/~ <br />To adopt resolution # 11-98- approving an amended and restated development program for <br />Development District No. 1 and Amended Tax Increment Financing plans for Tax Increment <br />Financing Districts No. 1, 2, 4, and 6. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />Finance Officer <br /> <br />CC: 11/24/98 <br /> <br />g:\users\cindy\tif, doc <br /> <br /> <br />