HomeMy WebLinkAbout1996-03-13 TIF Commission MinutesTAX INCREMENT FINANCING COMMISSION
MINUTES
The Riverside Tax Increment Financing Commission met at 4712 NW
Gateway, Riverside, on March 13, 1996, at 7:00 p.m..
The meeting was called to order by Ron Super, Chairman. The
following members were present: David Brenner, Betty Burch, Diza
Eskridge, Jimmy Karr, Jim Davis, Al Tunis, Ed Young, and Ann
Daniels, Secretary. Also present were: Bob Gieseke, Don Coleman,
Phil Snowden, Mike McGinnis representing the Riverside-Quindaro
Bend Levee District, and Steven Crystal and Jim Mello, attorneys.
Steve Crystal discussed the latest proposals for funding sources
for the Levee Project. Jim Mello reviewed possible funding
scenarios including the use of Neighborhood Improvement District
Bonds, Levee District Improvement Bonds, as well as the potential
for using Tax Increment Financing for repayment to the City,
County, and Developer for support of Neighborhood Improvement
District bonds and construction of infrastructure in the project
area.
All present discussed the issues presented and agreed, by general
consent, to continue work on the proposal in anticipation of
securing firm funding to report to the Corps of Engineers by May
31, 1996.
Ann Daniels, Secretary