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C <br /> <br /> Ways that TIF is used: <br /> <br /> · Economic Development <br /> · To offer incentives to induce new private investment <br /> · l~nfrastructure Development and local improvements <br /> · To encourage growth in a specific area such as a potential <br /> industrial, office or commercial area <br /> · To alleviate congestion and to facilitate additional growth in <br /> a developing area <br /> <br /> · To fund improvements to enhance area. Examples: fire <br /> stations, police stations <br /> · Redevelopment of blighted areas <br /> · Examples-' Rehab sewers, construct parking facilities or <br /> rehabilitate buildings in a downtown area <br /> <br /> Impact of TIF <br /> <br /> · If the increased assessed value from new <br /> developments would not occur "but for" <br /> the TIF incentives, then it cannot be <br /> "lost" to the other taxing units <br /> <br /> C <br /> <br /> 4 <br /> <br /> <br />