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CASE f2: <br />ADOPT RESOLUTION MODIFYING DEVELOPMENT DISTRICT NO. I <br />AND ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 4 <br />By: Anne Norris, Community Development Director <br />Background: <br />In order to accommodate the extension of industrial utilities along the south <br />side of Highway #10 NW, it is necessary to expand Development District No. 1 to <br />incorporate additional parcels and also to create a new tax increment financing <br />district to include those parcels benefitting from these improvements. <br />A draft of the modified development program for Development District No. 1 and <br />the tax increment financing plan for Tax Increment Financing District No. 4 and <br />a resolution adopting these documents will be available at the meeting. <br />Observations: <br />A public hearing on these documents is scheduled for this meeting. <br />Recommendation: <br />Council Action: <br />Motion to: <br />Adopt Resolution #87- amending Development District No. 1 and <br />establishing Tax Increment Financing District No. 4. <br />Review Checklist: <br />Administrator X Chief of Police <br />Attorney Finance Officer <br />Engineer X Public Works Superintendent <br />Community Development Director X Bond Counsel X <br />