§46-103 - Establishment of tax increment district.

§46-103  Establishment of tax incrementdistrict.  Any county council may provide for tax increment financing byapproving a tax increment financing plan and adopting an ordinance establishingthe tax increment district.  The ordinance shall:

(1)  Describe the boundaries of the tax incrementdistrict;

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

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

(4)  Provide for such other matters deemed to bepertinent and desirable for tax increment financing and not inconsistent withany relevant redevelopment plan, community development plan, high technologypark plan, or telecommunication development plan. [L 1985, c 267, pt of §1; amL 1987, c 248, §3]