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The committee approved a minor language amendment to the Midtown tax increment financing district. It also tabled a façade loan application pending more clarity about the business, reported that Union Square did not receive state tax credits, and scheduled a special meeting for July 15.
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A tax increment financing district uses future increases in property-tax revenue to support designated development areas. The approved Midtown amendment changes the district’s language, while no decision was made on the façade loan application. The committee will next meet in a special session on July 15, after canceling its regular July 1 meeting.
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