Commission approves declaratory resolution to create "Data 1" economic development area

The Frankfort Redevelopment Commission voted to approve Resolution 26-O5, a declaratory resolution that removes a parcel from the city's ConAgra economic development area and designates that parcel as a new economic development area called "Data 1," with a related Data 1 allocation area. Dustin Meeks of Barnes & Thornburg presented the measure and described the attached economic development plan that outlines how tax increment revenues from the allocation area could be used.