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C~E t3: <br /> <br /> R~UEST TO EST3~LISH DEVELOPMENT <br /> A~ TAX INCREMENT FINANCINS DISTRIC2S; <br /> CASE OF MR. <br />Anne L. Norris, Ommumity Develops_hr Director <br /> <br />Background: <br /> <br />Mr. Robert Muller is requesting that the City consider establishing a tax <br />increment district which would include his property located south of 167th <br />Avenue N.W., west of St. Francis Blvd. N.W. This property is located in <br />the RB Rural Business district. Mr. Muller has stated that the City could <br />capture the increased taxes that would result frcm his proposed development <br />on that property. Mr. Muller is proposing' to construct a strip commercial <br />center on the property. In addition, due to soil corrrections necessary on <br />the site, Mr. Muller is requesting City participation in the developaent of <br />that property. <br /> <br />Mr. Muller's request would involve establishing another development <br />district and development program and tax increment financing district and <br />financing plan. Establishing these districts is a rather lengthy process <br />and would take a minimcwa of 60 days. <br /> <br />Enclosed for your information is the follc~ing: <br /> <br />a) Site location <br />b) City's policy on tax increment financing requests <br />c) Letter requesting Cityparticipation <br />d) Proposed site plan <br /> <br />Observations: <br /> <br />The City Council reviewed Mr. Muller's request in 1986 and referred the <br />request to the Econc~ic Development and Planning and Zoning Commissions for <br />their review and oomment. <br /> <br />Mr. Muller's property is located outside of the urban area .where the <br />existing development districts and tax increment districts are located. As <br />the City's policy has been to encourage o0~mercial development in the urban <br />area, the new district should be limited in size to r~nain consistent with <br />this policy. <br /> <br />Cc, m~ssionAction: <br /> <br />Motion to: <br />Recommend approval/denial of the request to establish development and <br />tax increment financing districts and recommend approval/denial of the <br />request by Robert Muller for City participation in the proposed <br />development. <br /> <br />l%eview Checklist: <br /> <br />Administrator X <br />Attorney <br />Engineer X <br />Ommmmity Development Director X <br /> <br />Chief of Police <br />Finance Officer <br />Public Works Superintendent <br />Bond Counsel <br /> <br />X <br /> <br /> <br />