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Gainesville approves new guidelines for tax district funding
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Gainesville City Council has approved new policies and procedures for the ways redevelopment projects seeking Tax Allocation District financing are evaluated and approved. City, county and school board officials tabled three requests in August for taxpayer funding to help renovate the Lakeshore Mall, a building along Green Street for Looking Glass Surveys and for completion of phase two of the midtown multiuse trail. Officials on the TAD Advisory Committee said they needed to identify just how long it would take to recoup their investment, as well as identify parameters and evaluation criteria for approving funding.