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Council committee tables TIF/STA process update; solicitor to deliver draft SOP and forms
Summary
After discussion of changes to the state’s TIF/STA program, the finance committee tabled further action and asked the city solicitor to provide a drafted standard operating procedure, application, and compliance forms; EDC and assessors will work together on eligibility and monitoring.
The Committee on Finance on Oct. 16 heard an update on city procedures for tax increment financing (TIF) and special tax assessment (STA) incentives after state statutory changes removed state review from the local process. The committee voted to table further action and requested written materials — including a draft standard operating procedure (SOP), the new application form and compliance forms — from the solicitor’s office and Economic Development Council (EDC).
Background and change: Solicitor-designate Peter Winters told the committee that recent state legislation eliminated state participation in reviewing local incentive…
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