How to Participate Hybrid Meeting
Meeting - March 23, 2026
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None Community Development Committee Meetings of 2026
otherplanning
The committee met on February 23, 2026, with a quorum present
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Deadwood Housing Subdivision TIF Matthew Schley: Okay, so, you don't have legislation in front of you. I am aware of that. And why
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This mechanism allows the city to capture property tax revenues generated by new development within the district to fund public improvements and infra...
A
Any one or more of the following constitutes an "Event of Default" under this Agreement
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These events include:
Failure to Perform: Either the Developer or the City failing to meet material obligations punctually, with allowances for de...
B
General Right to Cure. In the event of any Event of Default in or breach of this Agreement, or any of its terms or conditions, by any party hereto, the defaulting party will, upon
contracts
If a party defaults, they have 30 days after receiving written notice to remedy the situation
C
paragraph (B) of this Section, a party may institute such proceedings against the defaulting party as may be necessary or desirable in its opinion to cure and remedy such default or breach. Such remedies
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It details the remedies available to a non-defaulting party, including instituting proceedings for specific performance, suspending or terminating the...
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From and after the Transfer Date, the Developer hereby assigns (a) all of the obligations, agreements, covenants and restrictions set forth in the TIF Agreement to be performed
contractseconomic_development
The Successor, in turn, agrees to assume and perform these obligations for the Transferred Property
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From and after the Transfer Date, the City hereby releases the Developer, its successors and assigns from any and all liability and obligations under the TIF Agreement with
contractseconomic_development
This release applies to the Developer, their successors, and assigns, unless those successors or assigns are specifically identified as the "Successor...
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The City agrees that as to the Transferred Property and the Assigned Benefits, the Successor has and shall have all entitlements and rights to tax exemptions, benefits, and
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The Successor entity will assume all entitlements and rights to tax exemptions and benefits related to the Transferred Property, as if they were an or...
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Notices to the Successor with respect to the TIF Agreement shall be given as stated in Section 12 thereof, addressed as follows
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The primary goal is to align fees with the actual costs of services provided by these divisions