03/19/87 Special - Laserfiche WebLink

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#2: TAX IB2REMENT FINANCINS DISTRICI~; CASE C~ MR. l~SE~ ~SER Anne L. Norris, Cc~ty Develo~t Director Background: Mr. Robert Muller is requesting that the City consider establishing a tax increment district which would include his property located south of 167th Avenue N.W., west of St. Francis Blvd. N.W. This property is located in the RB Rural Business district. Mr. Muller has stated that the City could capture the increased taxes that would result fr~m his proposed develolm~nt on that property. Mr. Muller is proposing to construct a strip commercial center on the property. In addition, due to soil corrrections necessary on the site, Mr. Muller is requesting City participation in the development of that property. Mr. Muller's request would involve establishing another development district and develol~nent program and tax increment financing district and financing plan. Establishing these districts is a rather lengthy process and would take a minimt~n of 60 days. Enclosed for your information is the following: a) Site location b) City's policy on tax increment financing requests c) Letter requesting City participation d) Proposed site plan ~bservations: The City Council reviewed Mr. Muller's request in 1986 and referred the request to the Planning and Zoning and Economic DeveloIm~nt Cc~missions for their review and o0mment. Mr. Muller's property is located outside of the urban area where the existing develofment districts and tax increment districts are located. As the City's policy has been to encourage commercial development in the urban area, the new district should be limited in size to remain consistent with this policy. Motion to: Recommend approval/denial of the request to establish development and tax increment financing districts and request by Robert Muller for City participation in proposed development. Administrator Attorney Engineer Community Develolm~nt Director Chief of Police Finance Officer Public Works Superintendent Bond Counsel X