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Board directs developer outreach and legal review to shape county TIF use for housing
Summary
Supervisors asked staff to re-survey developers, consult bond counsel about tax-increment financing rules and prepare an urban renewal amendment; staff proposed a regional developer outreach and a future work session with bond counsel.
Story County supervisors agreed July 7 to next steps intended to translate an earlier May 20 board decision into usable housing funding: staff will re-survey developers, meet with bond counsel about permitted uses of tax-increment financing (TIF) and prepare an amendment to the county—conomic development/urban renewal plan.
Leanne Harter, Story County planning and development director, said the board previously acted on May 20 to confine this year—ast urban renewal projects to county projects and to consider funding housing through that process. She told supervisors the county already designates the whole county as an urban renewal area and…
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