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The council unanimously approved creation of Tax Increment Reinvestment Zone No. 3, establishing its boundaries, board, tax increment fund, and termination date.
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The new reinvestment zone allows the city to direct certain future tax revenue increases within the designated area into a dedicated fund. The council also approved up to $50,000 for an exterior enhancement grant program in Reinvestment Zone No. 1 and authorized a $25,000 grant application with up to $5,000 in city matching funds.
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