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County proposes moving DIRECTV lease funds into housing innovation fund and adding economic development FTE funded by TIF
Summary
County economic development staff proposed reallocating unrestricted proceeds from the DIRECTV lease into the housing innovation fund (including $40,000 toward county staff salary and $50,000 recurring to the fund) and requested a new community economic development FTE funded by tax increment financing.
Missoula County staff told commissioners they discovered unrestricted lease proceeds from the county‑owned facility commonly called the DIRECTV building and proposed reallocating those funds to support housing innovation and part of a county staff position. Staff also presented a separate request for an additional community economic development FTE funded through tax increment financing (TIF).
County staff said the DIRECTV lease generates roughly $750,000 in annual lease revenue, most of which goes to pay the original construction debt service on the facility. Staff reported about $90,000 of the annual lease receipts do not go to debt service and are technically unrestricted. County staff proposed removing those lease proceeds from the…
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