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Redevelopment commission: TIF areas, Anson project funds and bond payments reviewed
Summary
Staff summarized the annual redevelopment commission report and said a reallocation within the Anson TIF areas will allow previously constrained bonds in the northern industrial area to begin receiving payments; several TIF districts are scheduled to expire within 10 years.
A county redevelopment staff member presented the annual update required by state law on tax-increment financing (TIF) activity, bond payments and allocation-area expirations.
The update matters because several temporary allocation areas in Boone County will expire within the next decade and because staff described an internal reallocation that will allow previously paused debt service payments in the Anson redevelopment area to resume. The presenter…
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