Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council advances TIF and neighborhood-authority steps for London Gateway development
Summary
Council members discussed and moved forward on several tax-increment financing measures tied to the London Gateway development, amended one ordinance and left related items for finalization; a separate New Community Authority resolution was introduced and amended for a typographical date correction.
London City Council members on March 20 continued deliberations on a package of tax-increment financing (TIF) measures and a proposed new-community authority for the London Gateway development, amending one transfer ordinance and leaving others for further review.
The council discussed three related ordinances that would create incentive districts, accept temporary city title to certain parcels for TIF implementation, and authorize TIF agreements for parcels described in project documents. One ordinance (No. 208-24) was amended during the meeting to add a parcel inadvertently left off and to add a transfer and indemnification agreement; the council then voted to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
