Title:
|
A Resolution designating the Kingdom Square Development District and tax increment fund, creating the Kingdom Square Special Taxing District and special fund, and providing for and determining certain matters in connection with the issuance and payment of special obligation bonds
|
Title
A Resolution designating the Kingdom Square Development District and tax increment fund, creating the Kingdom Square Special Taxing District and special fund, and providing for and determining certain matters in connection with the issuance and payment of special obligation bonds
Background
This resolution will establish the Kingdom Square Development District and tax increment fund, and the Kingdom Square Special Taxing District and special fund, to finance certain parking facilities, road improvements, storm water management facilities, utilities, lighting, and related infrastructure improvements to be constructed in the Development District and Special Taxing District. The debt service costs will be paid from the increment increases in County real estate taxes attributable to the developed property and from a special tax levied on real and personal property within the Kingdom Square Special Taxing District.