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CITY COUNCIL COMMUNICATION <br />AGENDA ITEM III <br />SUBJECT:PRESENTATION – REVITALIZATION COMMISSION AND TAX <br />INCREMENT FINANCING <br />DATE: NOVEMBER 13, 2012 <br />PRESENTED BY:SAM LIGHT, CITY ATTORNEY <br />SUMMARY: <br />City Attorney Sam Light will give a historyof the Revitalization Commission(LRC)and <br />discuss the mission and role of the LRC, the requirements of urban renewal and tax <br />increment financing, and discuss financing in the urban renewal area. <br />FISCAL IMPACT: <br />None. <br />RECOMMENDATION: <br />N/A <br />ATTACHMENTS: <br />1.PowerPoint Presentation <br />2.LRC Cooperation Agreement <br />3.LRC By-Laws <br />4.Tri-Party Agreement with Louisville, LRC, and Boulder County <br />5.Urban Renewal Area Maps <br />6.TIF Analysis <br />CITY COUNCIL COMMUNICATION <br />6 <br />