Reference No. CR-037-2019    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 5/14/2019
Introduced Date 5/14/2019 Public Hearing Date
Effective date:    
Title: A RESOLUTION CONCERNING TAX INCREMENT FINANCING RELATED TO KARINGTON DEVELOPMENT DISTRICT AND KARINGTON SPECIAL TAXING DISTRICT for the purpose of approving a TIF proposal and certifications pursuant to CR-21-2019 in connection with the issuance of special obligation bonds to finance public infrastructure to support the South Lake development.
Proposers/Sponsors: County Executive, Todd M. Turner, Sydney J. Harrison, Derrick Leon Davis, Dannielle M. Glaros, Calvin S. Hawkins
Attachments: 1. R2019037, 2. CR-037-2019 Proposal & Developers Certificate, 3. CR-037-2019 County Executive Certification, 4. CR-037-2019 MBE Plan, 5. CR-037-2019 Compliance Manager Approval, 6. CR-037-2019 Bond Counsel Certifiction, 7. CR-037-2019 AIS, 8. CR-37-2019 Report, 9. CR-037-2019 Fiscal Impact
Contact: Bond Counsel and Sean Dixon, Office of Law

Title

A RESOLUTION CONCERNING TAX INCREMENT FINANCING RELATED TO KARINGTON DEVELOPMENT DISTRICT AND KARINGTON SPECIAL TAXING DISTRICT for the purpose of approving a TIF proposal and certifications pursuant to CR-21-2019 in connection with the issuance of special obligation bonds to finance public infrastructure to support the South Lake development.

 

Background

This resolution seeks the approval of the County Council prior to the issuance of the tax increment financing bonds for the Karington Development District and Special Taxing District in order to conform with the CR 21-2019 requirements.



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