Authorize a tax increment financing (“TIF”) development agreement and all other necessary documents (“Agreement”) with TyGra Walnut Hill, LLC and/or its affiliates (“Developer”) in an amount not to exceed $1,188,662.00, payable from current and future Skillman Corridor TIF District funds (“TIF Subsidy”), in consideration of The Highlands Village Retail & Office Redevelopment Project (“Project”) on 0.477 acres of property currently addressed as 9715 Walnut Hill Lane (“Property”) in Tax Increment

Staff Report & Agenda Item Details

Authorize a tax increment financing (“TIF”) development agreement and all other necessary documents (“Agreement”) with TyGra Walnut Hill, LLC and/or its affiliates (“Developer”) in an amount not to exceed $1,188,662.00, payable from current and future Skillman Corridor TIF District funds (“TIF Subsidy”), in consideration of The Highlands Village Retail & Office Redevelopment Project (“Project”) on 0.477 acres of property currently addressed as 9715 Walnut Hill Lane (“Property”) in Tax Increment Reinvestment Zone Number Fourteen (“Skillman Corridor TIF District”), in accordance with the Economic Development Incentive Policy - Not to exceed $1,188,662.00 - Financing: Skillman Corridor TIF District Fund *In alignment with Economic Development Incentive Policy.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 7.5/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).