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Council approves micro‑TIF for 1715 Broadway redevelopment
Summary
Scottsbluff City Council approved a micro tax‑increment financing application for the former Studio B building at 1715 Broadway, authorizing a resolution for city signatures and sending the plan to the local CRA for finalization.
The Scottsbluff City Council on Monday approved a micro tax‑increment financing (micro‑TIF) application for 1715 Broadway, the former Studio B building, and authorized the mayor to sign a resolution advancing the redevelopment plan.
The micro‑TIF request, presented by Sharaya DeSerca, Economic Development Director, would use incremental property‑value growth to help finance the renovation of a 1912 downtown building. "The plan proposes to redevelop an area of the city that the city council has declared to be blighted and substandard and in need of redevelopment," DeSerca said during the meeting.
DeSerca told the council the application met the micro‑TIF checklist used by staff: the project is a single redevelopment of an existing structure more than 60 years old, is in a county with fewer than 100,000 residents, and the post‑project assessed value is estimated within the micro‑TIF cap. Applicants Brennan and Carmen Malm described plans for street‑level businesses — including Midfin Insurance and Carmen's Creations — with an apartment above. "We're really excited to be part of the building that has such a history," Brennan Malm said.
Council discussion covered the assessed‑value estimates and the project footprint. The economic development director pointed the council to assessor records and the packet materials to support the post‑project value figures. The council took a single up‑or‑down vote on the resolution after a motion and second; multiple councilmembers voted yes.
Next steps explained by staff: because the application met the expedited micro‑TIF criteria, city staff advanced it directly to council; if approved, the plan will then go to the city's Community Redevelopment Authority (CRA) for issuance of any indebtedness and final funding authorization.
The resolution authorizing the mayor to sign the micro‑TIF application now moves into the administrative phase at the CRA; the council did not set additional conditions during the meeting.
