ACTION REQUESTED:
Title
Communication from the City Manager and Corporation Counsel with a Request to APPROVE an INTERGOVERNMENTAL AGREEMENT between the City of Peoria and the DUNLAP COMMUNITY UNIFIED SCHOOL DISTRICT Regarding the MEDINA PLAINS-ALLEN ROAD BUSINESS PARK TAX INCREMENT FINANCING (TIF) DISTRICT.
Body
BACKGROUND:
Dunlap CUSD has requested a share of the TIF revenues be provided to the school district for expenditures as authorized by the TIF Act and as provided in the agreement.
NEIGHBORHOOD CONCERNS: None.
IMPACT IF APPROVED: The City of Peoria will continue the process of creating a TIF District as now proposed, and will support facilities and programming improvements for the Dunlap CUSD, which educates a significant number of students who reside in the City of Peoria.
IMPACT IF DENIED: The City of Peoria would not have the support of Dunlap CUSD in forming the TIF district.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: N/A
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL’S 2017 - 2032 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Grow Peoria
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Grow employers and jobs.
DEPARTMENT: Legal