Tax Increment Finance Authority (Monroe North TIFA)
The Monroe North Tax Increment Financing Authority (TIFA) is a funding tool Downtown Grand Rapids Inc. administers to help catalyze public and private investment in the Monroe North neighborhood. Funds go to support real private property improvements, build streets and public infrastructure, as well as maintain and expand parks and other public amenities.
Established by the City Commission in 1985 under state law, the Monroe North TIFA's principal source of funding revenue generated by increasing property values within the MNTIFA district. City Commission annually approves the budget. A 9-member Board of Directors appointed by the Mayor with concurrence from the City Commission governs the Monroe North TIFA. The Board meets quarterly.
Monroe North Tax Increment Finance Authority Board Meeting - CANCELED
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Downtown Grand Rapids, Inc (29 Pearl St NW Suite 1, Grand Rapids MI 49503)
Downtown Development Authority/Monroe North Tax Increment Finance Authority 2nd Informational Meeting
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DGRI Office (29 Pearl Street NW Suite 1 Grand Rapids, MI 49503)
Fiscal Year 2024 Budget
The MN TIFA Board on April 12, 2023 recommended its Fiscal Year 2024 Budget to City Commission, which approved the proposal on May 8, 2023. The MN TIFA adopted the FY24 budget on June 12, 2023. The 2024 Fiscal Year runs from July 1, 2023 to June 30, 2024.
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