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2012/07/25 Council Agenda Packet
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2012/07/25 Council Agenda Packet
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5/15/2017 10:54:10 AM
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Council Agenda Packet
Date
7/25/2012
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„,„ <br /> ,�$�,ti` ,+, t s -c'a , :',4' <br /> ,.4,1*:': <br /> 1c� -r <br /> p a. .tan- 's` n _a °j ,,,aa,r "^ },¢. §,a� <br /> ___ <br /> ,t.. . <br /> r: 9 <br /> *.` �` ?.,'3' .m �, :” ,mow :.^.' w.-� +�d z a" .s c`n',,s ;a.,x.;, .' r., <br /> +a.: '�` d A_ 7' *k..z i' ,;.J_ r =te Y,`.. .. <br /> c <br /> fp <br /> PSRC Regional__,,_ ..,„:,...,„„ <br /> *._ <br /> Allocation P <br /> To use the TDR / TIF to fund infrastructure, the City <br /> would have to: <br /> • Commit to accepting a large number of TDR credits <br /> (1,491 is the proposed Everett allocation) <br /> ® Developers would have to buy a lot of TDR credits and <br /> use in designated receiving areas) <br /> Several discount factors decrease value of TIF <br /> 25% of commitment TDR credits must be used within <br /> to years (373 TDR credits is not likely) <br /> • Doubtful that enough TDR credits would be used in <br /> Everett to benefit from the TIF funding <br />
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