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Joint Review Board adopts allocation amendment for TID 12 I-43 Industrial Park
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Summary
The Tax Increment District Joint Review Board unanimously approved an allocation amendment resolution to amend the project plan for Tax Increment District 12 (I-43 Industrial Park) at its March 28 meeting; members said the item was unchanged since the March 11 presentation.
The Tax Increment District Joint Review Board approved an allocation amendment resolution March 28 to amend the project plan for Tax Increment District 12, identified at the meeting as the I-43 Industrial Park.
Meeting staff told the board the proposal had not changed since it was last presented on March 11. The board adopted the allocation amendment on a motion by Veil with a second by Adam Faust; board members voiced their approval and the motion passed.
No detailed allocation schedule, budget totals, or projected tax-increment revenues were provided during the public discussion. Board members did not request additional information at the meeting.
The board said it expects to reconvene for its annual report, likely in June or early July, when any additional pending or new items will be discussed.
Votes at a glance: Allocation amendment to TID 12 (I-43 Industrial Park) — Motion by Veil; second by Adam Faust; outcome: approved.
