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Elyria schedules June 30 review after compromise on development agreement, TIF
Summary
Mayor Kevin A. Brubaker said councilors and developer representatives reached a compromise on assignment language in a proposed development agreement and set a June 30 strategic planning meeting to review a final draft and a related tax-increment financing (TIF) agreement ahead of a hoped-for vote July 7.
Elyria Mayor Kevin A. Brubaker told the City Council that city officials and representatives of DVR have reached what he described as “an achievable, acceptable, development agreement” on assignment language and asked councilors to review final drafts at a strategic planning meeting June 30, with the expectation of a full council vote on the agreements July 7.
The compromise, the mayor said, followed several hours of focused talks involving council members and DVR’s representative, Mr. Reeser, and was circulated to the law department and finance director for review. “This is great news for the city,” Mayor Brubaker said, adding that law director Deery and Finance Director Pileschi had reviewed the…
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