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Delaware County waives TIF compensation as Sunbury agrees to spend proceeds on infrastructure for Woodland Lake
Summary
Delaware County commissioners approved an agreement with the City of Sunbury resolving the county's objection to a Woodland Lake tax-increment financing district by requiring the city to spend service payment proceeds on specified public infrastructure rather than paying compensation to the county.
The Delaware County Board of Commissioners approved an agreement July 14 that resolves the county's objection to the City of Sunbury's Woodland Lake tax-increment financing (TIF) district by requiring the city to spend service-payment proceeds on public infrastructure instead of paying compensation to the county.
Erica Stettler, deputy county administrator and general counsel, told commissioners the agreement “provides an opportunity for the county to, provide an objection, which we did, and we negotiated this agreement with the City of Sunbury…
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