City of Racine - File #: 12-7892

• File #: 12-7892
• Version: A
• Name: TID No. 10 Project Plan Amend (Res. No. 12-3384)
• Type: Communication
• Status: Passed
• File created: 6/28/2012
• In control: City Plan Commission
• Final action: 10/16/2012
• Title: Subject: Communication from the Director of City Development request to amend the project plan of Tax Incremental District No. 10. (Res. No. 12-3384) Recommendation of the City Plan Commission on 10-10-12: That the resolution for the amendment of the project plan for TID No. 10 be approved. Fiscal Note: It is necessary to amend the Project Plan for this industrial TID for it to receive shared increment from other TIDs. The amendment will allow TID No. 10 to receive an estimated $6.2 million in shared increment over five years and close out in 2017.
• Related files: Res.12-3384

Date	Ver.	Action By	Action	Result
10/16/2012	A	Common Council	Approved as Presented	Pass
10/10/2012	A	City Plan Commission	Recommended For Approval	Pass
7/2/2012	A	Common Council	Referred

Title

Subject: Communication from the Director of City Development request to amend the project plan of Tax Incremental District No. 10. (Res. No. 12-3384)

Recommendation of the City Plan Commission on 10-10-12: That the resolution for the amendment of the project plan for TID No. 10 be approved.

Fiscal Note: It is necessary to amend the Project Plan for this industrial TID for it to receive shared increment from other TIDs. The amendment will allow TID No. 10 to receive an estimated $6.2 million in shared increment over five years and close out in 2017.