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Morgantown council approves application to amend Sunnyside TIF district; public hearing held
Summary
Morgantown — The City of Morgantown City Council opened a public hearing May 27 and then voted to approve a resolution submitting an amendment application to the West Virginia Department of Economic Development to change the boundaries and financing terms of City of Morgantown Redevelopment District No. 3, commonly called the Sunnyside TIF district.
Morgantown — The City of Morgantown City Council opened a public hearing May 27 and then voted to approve a resolution submitting an amendment application to the West Virginia Department of Economic Development to change the boundaries and financing terms of City of Morgantown Redevelopment District No. 3, commonly called the Sunnyside TIF district.
The amendment application, as described during the special meeting, would remove four parcels from the district, extend the district termination date by 15 years and allow for potential future tax-increment financing bond issuances to support additional development phases in the Sunnyside project plan.…
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