Fiscal Note
No funds required.
Title
Accepting the Report of the Board of Estimates Subcommittee on Tax Incremental Finance (TIF).
Body
WHEREAS, on April 17, 2001 the Common Council adopted TIF Objectives and Policy for the City of Madison; and
WHEREAS, on June 27, 2005, the Board of Estimates received the Board of Estimates TIF Subcommittee Report entitled "Findings and Recommendations Concerning TIF Policy" dated June 13, 2005; and
WHEREAS, said Report was the culmination of over one year of subcommittee meetings, public hearings and testimony concerning potential changes to the existing TIF Policy.
NOW, THEREFORE BE IT RESOLVED that the City of Madison hereby accepts the report of the Board of Estimates.