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Commission approves tax‑increment financing resolution for Burns neighborhood infrastructure
Summary
County commissioners approved a resolution supporting tax‑increment financing (TIF) with the town of Burns to help pay infrastructure for a proposed neighborhood of about 200 homes, following a unanimous Industrial Development Board recommendation.
Dickson County commissioners on July 21 approved a resolution supporting tax‑increment financing (TIF) to fund infrastructure improvements for a proposed Burns neighborhood expected to include roughly 200 new homes.
Economic development officer Terry Malone told the commission the TIF would be a cooperative effort between the town of Burns and the county to raise funds for roads and utilities "to improve on East Side up to county and city standards to manage this neighborhood." Malone said the Industrial Development Board had reviewed and unanimously recommended the financing plan.
Why it matters: The TIF is intended to capture future incremental property‑tax revenue generated by the development to repay the debt for public infrastructure. Malone said the debt would be repaid with the improvement from the TIF and that the request had been approved unanimously by the industrial development board.
Action taken: A motion to approve the resolution passed with no recorded opposition. Staff and the town will proceed with implementation steps identified by the Industrial Development Board, including coordinating project timing and responsibilities for road and utility upgrades.
