The division develops, implements and manages citywide policies and procedures for economic development programs such as Tax Increment Reinvestment Zones (TIRZ) and tax abatements in addition to other tax incentive programs. Other tax incentive programs might be funded through accelerated capital improvements plan action or special district financing such as special assessment financing, or in-city municipal utility districts. The City could also consider beneficial land exchanges, right of way abandonment, or below-market financing or leases on public property that could provide mutual benefit to the City and the proposed development. Any offer of such an incentive would be reviewed case-by-case to determine eligibility and compliance with all applicable laws.
