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5.3 Resolutions regarding TIF 2-2 and Business Subsidy
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11-06-2023 Council Meeting
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5.3 Resolutions regarding TIF 2-2 and Business Subsidy
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City of <br />PeQuot <br />Lakes <br />AGENDA ITEM # 5.3 <br />REPORT TO CITY COUNCIL <br />Report Prepared by: Rich S iczka, City Administrator <br />Date: November 6'5 2023 <br />Subject: Resolutions regarding TIF 2 -2 and Business Subsidy <br />Resort: Official Resolutions to be passed to create TIF 2 -2 and to create the <br />Business Subsidy in relation to TIF 2 -2. <br />Council Action Requested: <br />Council Motion passing a Resolution to amend the boundaries of TIF 2 -1 to <br />remove Parcel with a PID: 29230535 from the TIF district. <br />Council Motion passing a Resolution to create TIF 2 -2 within the municipal <br />development District 2. <br />Council Motion passing a Resolution to provide Business Subsidy to Level <br />Contracting LLC and its Successors and /or Assigns in relation to a Hotel <br />Development project on PID 29230535. <br />
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