Local Development Finance Authority

The City of Leslie may capture operating levies of all taxing jurisdictions within the LDFA district, except for Library and School Debt taxes. Investment in reimbursable public facilities and improvements is a proven mechanism for generating private capital in the form of business retention, attraction and expansion. Private investment, in turn, creates tax base and assessed value subject to capture by the LDFA to pay for past and future public facilities and improvements.

The implementation of the original LDFA TIF and Development Plan resulted in over $1.5 million in public investment, almost $500,000 in private investment, and an increase of $2,665,496.00 in taxable value from the original base value of $431,000.

With the support of the LDFA Development and TIF Plan public facilities, the project is estimated to stimulate $3 to $5 million in new investment and generate an estimated $ 2.5 million in additional taxes for all taxing jurisdiction over the 20-year life of the TIF and Development Plan and will continue to accrue beyond the plan.

The Board is comprised of seven members beginning appointed by council to 4 year terms, plus 4 additional members as indicated.

LDFA TIF Plan

LDFA TIF Resolution