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<br /> . <br /> CREATION OF A RIVERFRONT RESEARCH PARK TAX INCREMENT DISTRICT e <br /> ADVISORY COMMITTEE <br /> June 7, 1985 <br /> Page 2 <br /> study committee as representative of community interests. The role and <br /> responsibility of the advisory committee is to review the existing conditions <br /> in the area and formulate goals and objectives consistent with policies <br /> recommended in the Riverfront Park Study. The committee will identify public <br /> improvements necessary to achieve the goals and objectives. Following that, <br /> the committee would formulate a financial plan based on project costs and tax <br /> increment revenue. That analysis would also show the tax increment district1s <br /> impact on affected taxing jurisdictions. This information would be put into <br /> the format of a plan and report document.. The plan would be forwarded to the <br /> Planning Commission and City Council for public hearings. <br /> Once the committee is appointed, it is expected to meet at least four times <br /> over an eight-week period. Affected property owners in the study area would <br /> be notified and advised of the pUblic process. <br /> GL:RH:ky/Tb17. <br /> Attachment <br /> - <br /> - <br />