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SERVICE AGREEMENT This Agreement (Agreement) dated ___March 5___, 2024 (the Effective Date) is made between ___City of Milton__(the Client) located at __710 S. Janesville Street. Milton, WI 53563

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Review the terms and conditions of the TIF development agreement.

02

Fill out all required fields accurately and completely.

03

Include any necessary attachments or supporting documents.

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Review the agreement for any errors or omissions before submitting it.

Who needs tif development agreement?

01

Property developers seeking tax increment financing for their development projects.

02

Local governments and municipalities looking to spur economic development in their communities.

03

Community development organizations involved in urban revitalization projects.

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What is tif development agreement?

A TIF development agreement is a formal contract between a municipality and a developer or property owner outlining the terms and conditions regarding the financing, construction, and operation of a development project that utilizes Tax Increment Financing (TIF).

Who is required to file tif development agreement?

Typically, developers or property owners who are seeking to use TIF funding for their projects are required to file a TIF development agreement with the relevant municipality.

How to fill out tif development agreement?

To fill out a TIF development agreement, the developer must provide detailed information about the project, including project scope, budget, timelines, financing sources, and compliance with local regulations. It's crucial to consult with legal counsel and municipal officials while preparing the agreement.

What is the purpose of tif development agreement?

The purpose of a TIF development agreement is to provide a clear framework for the relationship between the municipality and the developer, detailing how the TIF funding will be used to promote economic development and ensure accountability.

What information must be reported on tif development agreement?

The information required in a TIF development agreement typically includes project description, estimated costs, financing plan, anticipated timelines, job creation estimates, and any legal or regulatory compliance requirements.

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