The land use plan is a guide for local decisions regarding future development along the corridor. However, the individual land owners will still remain in control of their properties as they are today, and would have to pursue development for it to occur. The County will not purchase property for the purposes of private development. Properties recommended for a land use change will continue in its existing use. Only when the land owner pursues any type of development will the recommended land use plan be used. If the land owner chooses to leave the property in its current state, the corridor will remain as it. A Tax Increment Financing District (TIF) was established that runs narrowly along the University Parkway and expands near the intersection with SR 66, as shown in Figure 1-1. The TIF is a funding source from the collection of an increment of tax dollars within the boundary which can be used for infrastructure improvements.
GUIDELINES FOR THE PLAN • County will not purchase property for the purposes of private development. • Properties recommended for a land use change will continue in its existing use. • Only when the land owner pursues any type of development will the recommended land use plan be used. • If the land owner chooses to leave the property in its current state, the corridor will remain as it. Figure 1-1
Existing TIF District Introduction 2
