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Minutes CASE ~lO: <br /> <br />REQUEST TO ESTABLISH A TAX INCRKHENT FINANCINC DISTRICT; <br /> CASE OF M~. ~OBERT MULLER <br /> By: Anne Norris, Com~nity Development Director <br /> <br />Background: <br /> <br />Hr. Robert Huller is requesting that the City consider establishing s tax <br />increment district which would include his property located south of 167th <br />Avenue ~ and west of St. Francis Blvd. MW. Mr. Muller has stated that the <br />City could capture the increased taxes that would result from his potentlal <br />development of that property and that the City might be willing to participate <br />in the development of that property. <br /> <br />Mr. Muller's request would involve establishing another development district <br />and development program and tax increment financing district and financing <br />plan. A~ you know, establishing these districts is a rather lengthy process. <br />Bond Counsel estimates that this process would take a minimum of 60 days. <br /> <br />Included in the reference material is a site location map for your information. <br /> <br />Observations: <br /> <br />As you recall, the City Council established a policy regarding requests for <br />City participation in the tax increment financing district. This policy refers <br />all requests to the Planning and Zoning Commission and Economic Development <br />Commission before the City Council takes action on them. Even though Mr. <br />Muller's request is for the establishment of a development district and tax <br />increment financing district, if the Council is interested in pursuing this <br />request, the Council may wish to refer the request to the Planning and Zoning <br />and Economic Development Commissions for their review and comment. <br /> <br />Recommendation: <br /> <br />Council Action: <br /> <br />Motion to: <br />Refer Mr. Robert Muller's request regarding the establishment of a tax <br />increment financing district and development district to the Planning and <br />Zoning and Economic Development Commissions for their review and recommen- <br />dations. <br /> <br />Review Checklist: <br /> <br />Administrator <br />Attorney <br />Engineer <br />Community Development Dir. <br /> <br />X <br /> <br />X <br /> <br />Chief of Police <br />Finance Officer <br />Public Works Superintendent <br />Other <br /> <br /> <br />