Atlantic TIF committee to meet this evening

News

September 8th, 2011 by Ric Hanson

The City of Atlantic’s Tax Increment Financing (TIF) Task Force is scheduled to meet this evening. During the meeting at City Hall, the committee will hold a review of discussion on TIF matters to-date, discuss the definition of Industrial, Commercial and Residential TIFs’, work on developing recommended criteria and the framework guideline for each category, and, they’ll discuss the inclusion of TIF-funded tax rebates, or a “Reverse TIF,” and non-TIF development incentives and/or tax rebates. The meeting begins at 7-p.m.

The TIF Task Force was established in July, by Atlantic Mayor Dave Jones. The panel will have no authority, implied or otherwise, to establish a TIF policy. It will only offer an opinion on how such a policy should be formulated and implemented.