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CASE ~2: REQUEST FOK CITY PARTICIPATION (TAX INCREMENT FINANCING) IN PROPOSED EXPANSION AND REQUEST FOR SITE PLAN REVIEW; CASE OF ALTRON, INC. By: Community Development Director Anne Norris Background: Altron, Inc. is proposing a 27,000 square foot expansion to their existing facility at 6700 Industry Avenue N.W. The expansion will be constructed to match the existing facility. Altron, Inc. is requesting City participation in site improvements for the project, including site filling and grading, landscaping, drainage and security lighting. The proposed project is located within Tax Increment Financing District No. 2 and Development District No. 1. For your information, the following items are enclosed: a) Site location map b) Proposed site plan c) Application for tax increment financing Ob servat ions: The City's tax increment financing policy requires Planning and Zoning Commission review of all tax increment financing requests with respect to the following: a) Is the request consistent with the City's Comprehensive Plan? b) Is the request appropriate under the City's zoning ordinance? The preliminary cash flow projections for the project show that there will be sufficient increment for the City to be able to participate in the project as requested. Recommendation: Commission Action: Motion to: Recommend approval/denial of the request by Altron, Inc. for City participation in the proposed expansion. -and- Motion to: Recommend approval/denial of Altron, Inc.'s proposed site plan. Review Checklist: Administrator X Attorney Engineer X Community Development Director X Chief of Police Finance Officer Public Works Superintendent Other