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Council sets public hearing to consider amendment adding multifamily units to TIF district for Fund Run project
Summary
The council approved a resolution to set a public hearing Aug. 12 to consider amendments to the 2015 tax increment financing (TIF) plan for the Fund Run development, including adding lots to the TIF district to allow construction of 230 multifamily units behind a commercial strip.
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…
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