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Missoula County approves $282,302.73 in TIF funds to reimburse Missoula Rural Fire for ambulance bay at Station 4
Summary
The Missoula County Board approved using $282,302.73 in Bonner Mill TIF funds to reimburse Missoula Rural Fire District for construction of an ambulance bay at Station 4 and authorized an interlocal agreement setting reimbursement terms.
Missoula County Commissioners approved use of $282,302.73 in tax increment financing (TIF) funds from the Bonner Mill TIF district to reimburse Missoula Rural Fire District for construction of an ambulance bay at Station 4, county staff said. The board also approved an interlocal agreement that sets the reimbursement terms and requires monthly invoices from the fire district.
County staff told commissioners the Bonner Mill TIF district has about $1.5 million in cash, roughly $500,000 in annual revenue and about $400,000 in annual expenses, and that the district maintains a roughly $300,000 debt-service cash reserve. After reserving debt service, staff said the district would retain approximately $1.3…
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