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Safe, Vibrant and Healthy Community Meeting
September 24 @ 11:30 AM - 1:30 PM
Go to our Council Committees page to get information on how to watch the meeting, view agendas and minutes, view members, and see information about other Council Committees.
- Meeting
- Sep 24, 2024 – SAFE, VIBRANT AND HEALTHY COMMUNITY COMMITTEE
- Category
- MEETING CALLED TO ORDER BY THE CHAIR
- Subject
- Item 22-03: Revenue Capture Options (4/16/24)
- Type
Ken Bowers, Planning & Development
During the April 16 City Council meeting it was requested that an item on the topic of revenue capture be referred to the Safe, Vibrant and Healthy Community Committee for discussion and to receive information only.
The phrase revenue (or value) capture refers to various revenue raising instruments that local governments can employ to realize as public revenue a portion of the increase in land values arising from public infrastructure investments or land use policy changes. A staff presentation will focus on the primary value capture tools available in North Carolina, which include various types of special taxing districts as well as bonus-based zoning incentives.
The presentation will also touch on tax increment finance, development agreements, and conditional zoning.