Council approves first reading to remove parcels from TIF district
The Independence City Council voted 7-0 on Oct. 12 to approve a first reading of an ordinance removing several parcels from the city's Tax Increment Financing (TIF) district to reset the TIF clock; staff warned the school levy ($5.40) may not be available on future projects unless the school opts in.
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The Independence City Council voted 7-0 on Oct. 12 to approve the first reading of an ordinance that removes multiple parcels from the city's Tax Increment Financing (TIF) district in the Independence Urban Renewal Area. Staff member Matt Schmitz explained the move is a procedural step so the city can "start a new clock" and preserve options for future development.
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