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City holds public hearing on proposed TIF for former ConAgra site
Summary
City staff described a proposed tax-increment financing district covering roughly 10–11 acres of the former ConAgra property; the TIF would capture 73.5% of future real estate taxes for 30 years to repay seawall debt, with remaining revenue split to local schools and EHOVI.
The Huron City Council opened a public hearing April 8 on creating a tax-increment financing (TIF) district for the former ConAgra property, a roughly 10–11 acre parcel the city now owns and expects to transfer later this year.
City Manager Matt Lasco described the proposal and its financial mechanics: "What the TIF will allow us to do, is to…
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