Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Monongalia County Commission sends letters after $422,259.68 TIF payment; asks Westover and school board to refund shares
Summary
The Monongalia County Commission on March 19 approved letters to levying bodies after the county advanced $422,259.68 to a TIF trustee to cover a bond payment and will seek reimbursement from the City of Westover and the local Board of Education.
MONONGALIA COUNTY, W.Va. — The Monongalia County Commission on March 19 approved letters to levying bodies notifying them that the county advanced $422,259.68 to a tax-increment financing (TIF) trustee to meet a bond payment and will seek reimbursement from those levying jurisdictions.
Commissioners said the shortfall stemmed from tax increments that were not included in earlier TIF calculations after parcel splits involving a Menards parcel. County staff said the county paid the trustee in order to meet a bond…
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
