NOTICE OF PUBLIC HEARING Knoxville's Community Development Corporation, ac...

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Placed on 8/16/2014
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Web ID 449964
NOTICE OF PUBLIC HEARING Knoxville's Community Development Corporation, acting on behalf of the City of Knoxville and City Council, will hold a Public Hearing on the Cumberland Avenue Redevelopment and Urban Renewal Plan as authorized under the Housing Authorities Law, Title 13, Chapter 20, of the Tennessee Code Annotated, as amended. Said Public Hearing will be held at 5:30 p.m. on Thursday, September 4, 2014 at the UT Federal Credit Union, 2100 White Avenue, Knoxville, Tennessee. The purpose of the hearing is to determine the necessity for the Cumberland Avenue Redevelopment and Urban Renewal Plan and the necessity for the inclusion of tax increment financing in the Cumberland Avenue Redevelopment and Urban Renewal Plan. A map of the area that will be subject to the Plan, a draft of the Plan and information regarding the potential use of tax increment financing, including an estimate of the cost of the redevelopment project, the sources of revenue to finance the costs of the redevelopment project, the estimated tax increment, an estimate of the amount and final maturity relating to the tax increment indebtedness to be incurred, and an estimate of the impact of the tax increment financing provision upon the City and Knox County, may be viewed, as part of the proposed amendment to the plan, by the public at the offices of Knoxville's Community Development Corporation at 901 Broadway NE, Knoxville, Tennessee 37917 or at the offices of the Department of Policy and Redevelopment of the City of Knoxville at 400 Main Street, Knoxville, Tennessee 37902, on or after August 25, 2014. A draft of the Plan will also be available on Knoxville's Community Development Corporation's website at www.kcdc.org. Any person desiring to comment on the amendment to the Plan will be afforded the opportunity to do so at the public hearing. KNOXVILLE'S COMMUNITY DEVELOPMENT CORPORATION
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