Proposed Expansion of Howard/Hartrey

Tax Increment Financing District

August 12, 2013

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Howard/Hartrey History

• Established in 1992• Addressed redevelopment of industrial

property and created an opportunity for commercial redevelopment

• TIF was established under “blighted” classification

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Why Geographic Expansion of TIF?

• Redevelopment of 222 Hartrey Avenue• Improve area infrastructure (sidewalks, roads,

alley, parking areas)• Expiration in 2015

Public Approval ProcessDate Activity

Monday, Aug. 12 Introduction/Action of Ordinance to City Council to Adopt Public Hearing Concerning Creation of Howard/Hartrey TIF District

Wednesday, Aug. 14 Notice of Public Hearings sent by certified mail to affected taxing bodies, IDCEO, and any interested parties

Wednesday, Aug. 21 Notices of Existing & Amended TIF District sent to residential addresses within 750’ of proposed TIF boundary

Thursday, Sept. 12 Joint Review Board Meeting at 3:00p at LHM Civic Center Rm. 2200

Monday, Oct. 28 City Council holds the Public Hearing for the Proposed Howard/Hartrey TIF District Amendment

Monday, Nov. 11 City may introduce and adopt ordinance to amend the Howard/Hartrey TIF District