§46-103 - Establishment of tax increment district.

§46-103  Establishment of tax increment
district.  Any county council may provide for tax increment financing by
approving a tax increment financing plan and adopting an ordinance establishing
the tax increment district.  The ordinance shall:

(1)  Describe the boundaries of the tax increment
district;

(2)  Provide for the date of commencement of the tax
increment district and date of termination of the district;

(3)  Provide for the establishment of a tax increment
fund for the district; and

(4)  Provide for such other matters deemed to be
pertinent and desirable for tax increment financing and not inconsistent with
any relevant redevelopment plan, community development plan, high technology
park plan, or telecommunication development plan. [L 1985, c 267, pt of §1; am
L 1987, c 248, §3]