Laserfiche WebLink
TX <br /> It was also "TIF" <br /> noted that currently there are three TIF <br /> revenue bonds which have been sold, the first to cover the <br /> skywalk and Michigan Street improvements, the ' second which <br /> was a "Parity Bond" in the amount of $1,750, 000.00 for <br /> Michigan Street improvements and river walkway and park <br /> improvements, and the third which was also a "Parity Bond" <br /> in the amount of $1,800, 000.00 which was used for the Niles <br /> Avenue public improvements, property acquisition, Union <br /> Station, general public works, and parking improvements. <br /> It was stressed that "TIF" is not a taxing mechanism but <br /> rather a reallocation of taxes. <br /> Following much discussion it was recommended that the third <br /> topic namely the "Redevelopment Authority" be delayed to a <br /> future meeting and that the "Urban Enterprise Zone" also be <br /> discussed at a later meeting. <br /> Following further discussion and review of the material <br /> presented to the Committee, the meeting was adjourned at <br /> 6: 50 p.m. <br /> Respectfully Submitted, <br /> Councilman Steve Luecke, Chairman <br /> Human Resources and Economic Development <br /> SL:srk <br /> Attachment <br /> 3 <br />