A proposal to establish a TIF district must contain the following elements:
- A specific, defined redevelopment area
- One or more redevelopment projects within the redevelopment area
- A redevelopment plan detailing how tax increment financing will be used to implement the proposed project
TIF proposals are presented to the TIF Commission for their review and consideration in open meetings. Following the TIFF Commission's review and deliberation, which can take as long as the members feel is necessary and must include a public hearing, the TIFF Commission makes a recommendation to the City Council regarding the establishment of the redevelopment area and the associated redevelopment plan and project.
The decision to establish the redevelopment area and implement the redevelopment plan is made by the City Council.