READ ALONGSIDE THE SOURCE
Okaloosa County BOCC — May 15, 2013 — Action Item Printout — reading text
Part 1 of 1. These parts divide the reading text for browsing; they are not the source document's page numbers.
Machine-extracted text — 22-Action Item Printout.pdf
Machine-extracted OCR text · Review label: Machine produced / unreviewed
Compare this copy with the preserved source. Review labels describe the recorded status of this file; they do not guarantee that the text is error-free. Spacing and line breaks are retained, with long lines wrapped to fit the screen.
BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
DATE: May 21, 2013
TO: Honorable Chairman and Members of the Board
FROM: Elliot Kampert
SUBJECT: Visitor - Mike Chesser
DEPARTMENT: Growth Management
BCC DISTRICT: All
STATEMENT OF ISSUE: Mike Chesser to present the BCC with updated information,
including revenue projections, regarding proposal to establish a Tax Increment Financing District
in northern Okaloosa County to fund infrastructure.
BACKGROUND: During its meeting of February 19, 2013 the Board of County
Commissioners received a presentation regarding the possibility of establishing a tax increment
financing district to fund infrastructure, particularly roads. At the conclusion of the presentation,
the Board authorized staff to continue to research this matter, and provide follow up information
regarding the amount of funds potentially available and how such might be used for
infrastructure.
Since that time, County and City (Crestview) have worked with Mike Chesser and the University
of West Florida Haas Center to develop an estimate of funds available that could be presented to
the BCC as requested.
The attached Excel spreadsheet provides the Haas Center's estimates of revenues that would be
generated if the TIF district were to be established. Mike Chesser will present these data to the
Board, along with additional information regarding the proposed TIF district and strategy.
RECOMMENDATIONS: Staff recommends that the Board receive the follow up presentation,
consider the information provided therein, and provide direction to staff based on the Board's
consideration of the matter.
RECOMMENDED BY:
APPROVED BY:
Ernie Padgett, County Administrator