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Commissioners discuss revised TIF resolution, new 20-year cap and reporting requirement
Summary
Staff presented an updated tax-increment financing (TIF) resolution draft reducing the term to 20 years, adding an $51 million overall cap, an infrastructure-only restriction and a county contribution cap; commissioners sought a reporting mechanism and further clarification of final cap figures before action.
Weber County commissioners reviewed an updated draft resolution related to a proposed tax-increment financing (TIF) arrangement during the Aug. 4 work session. Staff said the updated draft sets a 20-year term, keeps participation at 80% (subject to negotiation), places a $51,000,000 overall cap on TIF and…
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