Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Story County delays opening of tax increment financing applications until after state legislature adjourns
Summary
County staff asked the Board to direct them to return with revised economic development/TIF process and policies and to delay accepting applications until after the Iowa Legislature adjourns.
Story County staff on March 11 asked the Board of Supervisors to direct them to return with revised economic development process and policies and to delay opening applications for the county’s tax increment financing (TIF) program until after the state legislature adjourns.
Leanne Harder, who presented the proposed revisions, said the county is changing the annual deadlines so staff will not have to return every year for the same approvals. “This is our tax increment financing program,” Harder said, explaining why staff recommended delaying application openings until after the legislature completes its session.
Harder told the board the draft also adds explicit authority to remove properties from the TIF property list; she said turbines have already been removed and further removals are anticipated. Staff said they will bring back formal revisions for board approval and notify affected entities before opening the program for applications in May or later.
Board members indicated the approach made sense and supported the plan to return with a finalized revision and notifications to stakeholders.
