The City Council approved a resolution to conduct a public hearing on Aug. 12 to consider amending the 2015 tax increment financing (TIF) plan for the Fund Run development. The vote to set the hearing was unanimous.

Trey Harrison of Butler Snow said the resolution is procedural: it sets public notice and a hearing required by state law for the developer's proposed change. "This is simply a resolution setting a public hearing, which would take place on August 12," Harrison told the council.

Christiana Sugg, representing project consultants, told the council the TIF amendment would allow the developer to add lots to the back of the TIF district and replace a previously proposed mixed‑use infill with 230 upscale multifamily units. "This amendment pertains to the Picks And Pins strip ... the change ... is instead of doing mixed use behind that strip there, we would like to build 230 upscale multifamily housing units," Sugg said. She said the amendment would enable a sale to Arlington and allow a transfer to a developer with a record of other Meridian and hospital‑area projects.

Why it matters: Amendments to a TIF plan can change which parcels are included in a TIF district and shift the tax increment stream that funds project infrastructure or incentives. Council members asked for clarity about financing, project timelines and whether the development was the same project discussed previously; representatives said this is a different portion of a longer project and that financing details will be discussed at the hearing.

Next steps: The council adopted the resolution setting public notice and the Aug. 12 public hearing; the developer must publish notice and attend the hearing to answer questions from the public and council. Council members asked staff to provide financing details and a status update at the hearing.