Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Edgar County board sends letter supporting 12-year Jasper Street TIF extension in Paris
Summary
The county board authorized the chairman to send a letter supporting a 12-year extension of the Jasper Street Tax Increment Financing (TIF) District in the City of Paris, citing past use of TIF funds for county projects.
The Edgar County Board authorized the chairman to send a letter of support to the City of Paris asking that the Jasper Street Tax Increment Financing (TIF) District be extended by 12 years.
Board members said Jasper Street TIF funds have supported county projects in the past, including paying a substantial portion of courthouse tower renovation costs. One member said the TIF revenues had “helped us with projects and will especially like the courthouse paying, better than half of the courthouse renovation for the tower.” The board voted to approve the letter of support by roll call.
Nut Graf: The county's letter is advisory; it expresses local government support for the city's decision to extend a TIF district. TIF extensions affect how incremental tax revenues are captured and used for public improvements or redevelopment.
The board discussed that the city had been amenable to using TIF funds to help county projects in the past. The vote on the letter carried with affirmative roll call votes from members present.
Ending: The chairman will send the letter of support to the City of Paris; no other county action on the TIF extension was taken at this meeting.
