Tax Increment Financing District Boundaries, Economic Development

The PIEA was formed to foster commercial and industrial development in specifically designated redevelopment areas.

NIDs are created by property owners in an area with defined limits and boundaries by vote or by petition in order to provide financing for public improvements.

The goal of the Enterprise Zone program is to attract new business and encourage existing business to expand or modernize their operations located within the area.

The creation of a CID allows private parties - property owners - to assess or tax themselves for improvements and services which benefit the community.

Chapter 353 enables a developer to acquire property using the power of eminent domain. Up to the first 10 years, the City can abate all taxes with the exception of the taxes on land.

The PIEA was formed to foster commercial and industrial development in specifically designated redevelopment areas.

Tax Increment Financing District Boundaries, Economic Development, TIF, TIF District, TIFS