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Council postpones commercial TIF and New Community Authority items while school board finalizes income-tax sharing language
Summary
Council members agreed to keep a commercial tax-increment financing (TIF) ordinance and a related New Community Authority (NCA) resolution on the agenda while awaiting documentation and action from the local school board; the law director recommended leaving the items for further review.
During consideration of large development-related legislation, the London City Council agreed to postpone action on a commercial tax-increment financing (TIF) ordinance and a related resolution establishing the London Gateway New Community Authority until the city receives additional documentation from the local school board.
A council member reported a late-day development: Paul Gross had called and said the school board had reconsidered its request for income-tax sharing tied to the commercial TIF and planned to hold a special session to finalize language. The speaker…
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