Agenda Item Title:
17TI004 - Resolution to Create Promise Road Tax Increment District and Approve Project Plan
Funding Source & Fiscal Impact (if applicable):
Funding | Cost Center |
---|---|
$2,262,470 | Promise Road Street Improvements |
$500,000 | Promise Road/Golden Eagle vertical realignments |
$100,000 | Catron Boulevard Traffic signal adjustments |
$572,494 | Professional fees/Contingencies |
$2,087,076 | Financing (6%) |
$5,522,040 | Total TIF Financed Expenditures |