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Council lets Jefferson South tax-incentive measure lie for second reading after public explanation
Summary
Council agreed to set aside consideration of a proposed Jefferson South tax-increment financing (TIF) incentive district until a second reading after an initial presentation; the measure would exempt 75% of improvements on three parcels for 10 years to fund park and infrastructure improvements within a one-mile radius.
Defiance City Council heard a presentation on a proposed Jefferson South tax-increment financing (TIF) incentive district and voted to let the item lie for formal second reading rather than suspend rules for immediate passage.
City counsel and project representatives explained that Dayton Properties Limited is developing three parcels that will add roughly 90 residential units. The administration asked council to declare the increase in assessed value a public…
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