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Chickasaw County supervisors adopt CWEC urban renewal area, schedule ordinance second reading
Summary
The Board of Supervisors adopted Resolution No. 172502 designating the CWEC area as an urban renewal/blighted area and set the first reading of Ordinance 11-1 on the record, scheduling a second reading for a later meeting. The move enables tax increment capture for debt on future projects in the designated area.
The Chickasaw County Board of Supervisors voted to adopt Resolution No. 172502, designating a portion of the county as an urban renewal (blighted) area under the CWEC Urban Renewal Plan and approving tax-increment financing capture for debt issued for projects in that area.
The action came during the board’s Jan. 7 meeting; supervisors then read Ordinance No. 11-1 (division of revenues under Iowa Code section 403.19) for the first time and scheduled a second reading at a later meeting. The board recorded the resolution adoption in a roll-call vote reported as 5-0.
The resolution designates the…
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