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Beaver County approves resolution to join Milford 2 CRA with 70% tax-increment share
Summary
The Beaver County Commission approved a resolution authorizing the county to enter an interlocal agreement to participate in the Milford 2 Community Reinvestment Area project, committing to 70% tax-increment participation for a six-year period as a first step while other local entities complete their approvals.
The Beaver County Commission on June 17 approved a resolution authorizing the county to enter an interlocal agreement to participate in the Milford 2 Community Reinvestment Area project area, agreeing to a six-year, 70% tax-increment participation for county revenues tied to the project.
Jason (staff member), who presented the item, said the resolution authorizes the county’s portion of an interlocal agreement with the Community Development Renewal Agency and that the project area plan and budget adopted June 10 are attached to the agreement. He described the county action as a…
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