Approving Development Agreement with Brookside North, LLC, Authorizing Annual Appropriation…
Recorded in the minutes as “A. Resolution 03-2026 Approving Development Agreement with Brookside North, LLC, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment…”. Passed 4–0; names not recorded.
What this means (Tax increment financing (TIF)): Within an urban renewal area, the extra property tax from rising values can be set aside for a period of years to pay for projects or incentives in that area, instead of going to the usual taxing bodies.
More from the record
Recorded in the minutes as: “a. Resolution 03-2026 Approving Development Agreement with Brookside North, LLC, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement Mayor Gisch asked for a motion on Resolution 03-2026 Approving Development Agreement … Motion: table Resolution 03-2026 Approving Development Agreement with Brookside North, LLC, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement”. The minutes add: “ith Brookside North, LLC, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement”
Motion as recorded: “table Resolution 03-2026 Approving Development Agreement with Brookside North, LLC, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement”.
Source Full minutes for the whole Mar 10, 2026 meeting, p. 4 (saved copy) · Agenda packet · All votes at this meeting