Gainesville City Council signed off Tuesday on $42,000 in tax allocation district funding to cover some construction costs for a 5,000-square-foot office and warehouse facility on Maple Street.The TAD funding is seen as a way to incentivize local business and industry to help redevelop midtown.The funds will support the purchase of brick and masonry materials, footings and installation labor for the retaining wall and fencing with brick columns.Gainesville has two tax allocation districts — the midtown area and Lakeshore Mall — wherein increments in property taxes resulting from new growth are reinvested in properties.According to the city’s website, “In simple terms, the increased property taxes that would be generated by a development’s improvements are temporarily used to fund those improvements. Once the improvements are paid for, a development’s taxes are then distributed traditionally.”Projects that receive TAD funding must include a minimum $100,000 private investment.