Other Eligibility Criteria:
The entity administering the TAD must identify a specific area in need of redevelopment that meets the criteria for designation. A determination of blight is required. The public improvements needed to help the area attract new private development must be identified with a projected cost estimate. A Tax Allocation District may be created and approved in public hearings. City or county participation in a TAD requires a jurisdiction-wide special referendum.
All TAD revenues set aside may not cumulatively exceed 10% of the local tax base.