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_ � , � <br /> ' P'age 2 <br /> Lucas Properties, LLC Redevelopment Agreement <br /> September 10, 2002 <br /> period is limited to 16 years and can only be received if the tax is generated as a result of �I <br /> increased Equalized Assessed Valuation related to completing the project. I <br /> Please note that this action will only place the proposed redevelopment agreement on file for <br /> public consumption and does not authorize any specific agreement. It is anticipated that the <br /> agreement will be presented to the Council for final action on October 7, 2002. <br /> POTENTIAL OBJECTION: There are no known objectors to this petition. <br /> INPUT FROM OTHER SOURCES: The proposed redevelopment agreement has been <br /> reviewed by the developer's attorney and is considered acceptable. <br /> STAFF REFERENCE: Any additional questions may be forwarded to Dane Bragg at 424-2725 <br /> or e-mail: dbrag�(�a,decaturnet.org. <br /> BUDGET/TIME IMPLICATIONS: N/A. <br />