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The City Council approved an agreement to begin planning and annual administration of a Tax Increment Financing district and approved a resolution allowing eligible TIF costs, by a 5-1 vote. Three related inducement resolutions were tabled for later consideration.
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The action starts the planning process for a possible TIF district, which uses future increases in certain property tax revenues to support development-related costs. The district is not established yet; additional council actions and public hearings are required. The council also approved an $8,000 to $9,000 golf simulator down payment and accepted the fiscal year 2025 audit.
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