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OFPLgNTti:f: G\'+tel, ×REPORT LORI\'DATE:May 9, 2016TO:City Commissioner:Michael Herr, City ManagerSUBJECT:Underground Easement to TECOEXECUTIVE SUMMARY. W. Fullwood and Tampa Electric Company have
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Tax Increment Financing (TIF) is a public financing method used for subsidizing redevelopment, infrastructure, and other community-improvement projects.
Property developers and local government bodies are typically required to file TIF applications.
TIF applications can be completed online or in person at the local government office. Applicants must provide information about the proposed project, estimated costs, and potential economic impact.
The purpose of TIF is to stimulate economic development in blighted areas by using future tax revenue increases to finance current improvements.
Information such as project details, estimated costs, expected revenue increases, and economic impact must be reported on a TIF application.
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