TIFA and Brownfield Development Authority

TIFA

  1. Definition
  2. Location
  3. History & Background
  4. Currently Adopted TIFA Plan
  5. Financial Reports & Annual Budgets
  6. Agenda & Minutes
  7. Synopsis of Activity
  8. Members

Tax increment financing allows an established TIF authority to "capture" property tax revenue from incremental increases in value in the TIFA District and spend the "tax increment revenue", or a percentage of the total increased collections, to develop the area or finance a specific project.

Brownfield Development Authority

  1. Definition
  2. Financial Report
  3. Annual Budgets
  4. Meeting Minutes

Brownfield properties are those in which the redevelopment or reuse of the property may be complicated by the presence or perception of contamination.

Revitalizing and redeveloping these properties protects the environment, reuses existing infrastructure, minimizes urban sprawl and creates economic opportunities.