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Redevelopment commission authorizes Ice Miller engagement to pursue two-area TIF plan
Summary
The Columbia City Redevelopment Commission authorized hiring Ice Miller to advise on creating an economic development area with two allocation areas (residential and commercial) and to proceed toward a declaratory resolution at the next meeting.
Columbia City — The Columbia City Redevelopment Commission voted March 11 to engage the law firm Ice Miller to advise on creation of an economic development area and two separate tax-increment financing (TIF) allocation areas, one focused on residential development and one on commercial development, and authorized the commission president to sign the engagement letter.
Commission officials said the two-allocation plan is intended to capture incremental tax value…
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