What is the implementation process for a TIF District?

July 30, 2020

The implementation process for a TIF District is as follows:

  1. A consultant would be engaged to produce the TIF financial plan as an addendum to the Wall Street-West Avenue Plan (includes public input, research on infrastructure, capacity, and impact)
  2. Planning Commission considers if the amended plan is consistent with the POCD
  3. Planning Committee holds a public hearing and votes on forwarding the amended plan to the Common Council for its consideration
  4. Common Council votes to adopt the amended plan that includes the TIF financial plan
  5. If approved, the TIF District is created and implemented