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Council declares necessity for Decorah Business Park TIF expansion; first reading approves tax‑levy division
Summary
The council held a public hearing and approved a resolution declaring necessity for an amendment to the 2022 Decorah Business Park Urban Renewal Area; members also approved a first reading to divide tax levies for the added area and discussed how pending state tax bills could change TIF revenues for existing development agreements.
The Decorah City Council held a public hearing and approved a resolution to declare necessity and establish an amendment to the Decorah Business Park Urban Renewal Area (the 2022 Business Park). The amendment would add right‑of‑way and streets inside the Business Park, include the Highway 9 right‑of‑way from Eastridge Road to Oilwell Road, and the site for the new Truck Country development.
Staff told the council the amendment aims to establish a TIF base before the Truck Country development…
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