RESOLUTION - APPROVING THE INTERLOCAL AGREEMENT BETWEEN THE CITY OF MARGATE AND THE MARGATE COMMUNITY REDEVELOPMENT AGENCY (“MCRA”) REGARDING ADJUSTMENT OF THE TAX INCREMENT FUND (“TIF”) DEPOSIT FROM 95% TO 80% OF THE STATUTORY INCREMENT REVENUES; PROVIDING FOR TERMINATION; PROVIDING FOR AN EFFECTIVE DATE.

Committee

Regular City Commission Meeting

Requested by

City Attorney's Office

Introduced

August 4, 2025

On agenda

August 20, 2025

Passed

August 20, 2025

Where it was heard

Regular City Commission Meeting Aug 20, 2025 discussed

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