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File #: 1006-25    Version: A Name: TID Infrastructure Policy
Type: Communication Status: Committee Report To Council
File created: 9/26/2025 In control: Community Development Authority
On agenda: Final action:
Title: Subject: Communication from the Assistant Director of the Department of City Development for the consideration of Resolution 25-21 Neighborhood Tax Incremental District Infrastructure Funding Policy. Recommendation of the Community Development Authority on 09-29-2025: That the Neighborhood Tax Increment District Policy - Uses of Infrastructure Funds (Policy), be approved. Further, that the Common Council of the City of Racine adopt a resolution authorizing the CDA to consider and allocate funds in accordance with CDA Resolution 25-21. Fiscal Note: 25% of annual Neighborhood TID increment in existing TID numbers 22, 23, 27, 28, and 31 and any future Neighborhood TID area will be reserved and allocated for purposes outlined in the Policy.
Attachments: 1. Agenda Briefing Memo, 2. CDA Resolution 25-21, 3. #1006-25 Resolution
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Title

Subject: Communication from the Assistant Director of the Department of City Development for the consideration of Resolution 25-21 Neighborhood Tax Incremental District Infrastructure Funding Policy.

 

Recommendation of the Community Development Authority on 09-29-2025: That the Neighborhood Tax Increment District Policy - Uses of Infrastructure Funds (Policy), be approved. Further, that the Common Council of the City of Racine adopt a resolution authorizing the CDA to consider and allocate funds in accordance with CDA Resolution 25-21.

 

Fiscal Note: 25% of annual Neighborhood TID increment in existing TID numbers 22, 23, 27, 28, and 31 and any future Neighborhood TID area will be reserved and allocated for purposes outlined in the Policy.