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Council discusses TIF support for Eagles building repair; staff to draft resolution
Summary
Council members discussed using TIF funds to support HVAC, walk-in cooler and parking-lot repairs at the Eagles building and asked staff to draft a resolution outlining funding terms, including a 10–20% one-time grant and a repayment stipulation if the property sells.
Council members discussed a Tax Increment Financing (TIF) request from representatives of the local Eagles organization to help pay for needed repairs at the Eagles building, including HVAC replacement, a walk-in cooler and possible parking-lot resurfacing.
Mick, present as the Eagles’ representative, told the council the building needs seven HVAC units, an evaporator coil, and work on the walk-in cooler. Mick and staff supplied preliminary estimates: roughly $58,000 for HVAC work, about $6,071.20 for the walk-in cooler and…
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