Title:
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A Resolution concerning the creation of the Greenbelt Station Special Taxing District and the Greenbelt Station Development District to create a tax increment fund and special fund to finance the construction of parking and other infrastructure facilities associated with the Greenbelt Station project.
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Title
A Resolution concerning the creation of the Greenbelt Station Special Taxing District and the Greenbelt Station Development District to create a tax increment fund and special fund to finance the construction of parking and other infrastructure facilities associated with the Greenbelt Station project.
Background
The proposed resolution will establish the Greenbelt Station Development District and Special Taxing District to finance the construction of parking facilities and other infrastructure improvements associated with Greenbelt Station Development. 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 Greenbelt Station Special Taxing District.