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The Economic Development Authority held a public hearing on a proposed redevelopment plan modification, Tax Increment Financing District No. 25, a TIF plan, and a related business subsidy. No members of the public spoke, and the minutes do not record a final vote on the proposal.
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The hearing concerned a financing and subsidy package intended to support a redevelopment project. Tax increment financing uses future increases in property tax revenue from an area to help pay eligible project costs. The meeting record does not state whether the authority later approved or rejected the proposal.
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