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Beaver County agency approves interlocal agreements and tax-increment deal for Milford 2 expansion
Summary
The Beaver County Community Development and Renewal Agency approved resolutions to enter interlocal agreements with taxing entities and a tax-increment participation agreement with the developer for the Milford 2 expansion, clearing a key financing step for the project.
The Beaver County Community Development and Renewal Agency on July 15 authorized interlocal agreements with the county, school district, fire district and hospital district and approved a tax-increment participation agreement tied to the Milford 2 expansion project. The actions were taken during a reconvened agency session of the Beaver County Commission and passed by voice vote with commissioners present indicating aye.
Agency staff described the action as the final step to allow the developer to secure financing. Jason (agency staff) said the interlocal agreements set the period over which tax-increment subsidies would be…
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