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Shakopee City Council
April 2, 2019
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| | | | | | | | | FROM: | Michael Kerski, Director of Planning and Development | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Resolution calling for a public hearing on an amendment to a Tax Increment Financing Plan for Tax Increment Financing District No. 19, Riverfront Bluff | | |
| | | | | | | | Policy/Action Requested:
Approve Resolution No. R2019-039 calling for a public hearing on an amendment to Tax Increment Financing Plan for Tax Increment Financing District No. 19 for May 21, 2019 | | |
| | | | | | | | Recommendation:
Approve Resolution No. R2019-039 | | |
| | | | | | | | Discussion:
Staff has been working with the developer to complete the acquisition of the entire Riverfront Bluff block. There are three properties that would be acquired and additional development that will occur on the property. The changes require expanding the current District while also accounting for additional costs of acquisition and redevelopment and additional new development on the site.
The public hearing will be at the May 21, 2019 meeting. | | |
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