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Missoula County approves $5.28 million TIF purchase of Wye public water system
Summary
Commissioners approved using $5,282,264 in tax increment finance (TIF) to buy a privately built public water system at the Wye, approved a development agreement and intent to form a special district to operate the system, and accepted a subdivision improvements guarantee for the Grass Valley Industrial Subdivision.
The Missoula County Board of County Commissioners approved using $5,282,264 in tax-increment financing (TIF) to purchase a publicly owned water system for the Wye targeted economic development (TED) district and approved related agreements and steps to form a special district to operate the system.
County staff said the system is intended to provide the fire-flow and domestic water capacity that has constrained industrial development south of the Wye. "This piece of infrastructure is critically important in the Wye," Community Economic Development staff member Andrew Hagemeyer told the commission, saying the system would enable larger buildings, expanded job capacity and future extensions into adjacent areas.
The commission approved a development agreement that spells out developer obligations—competitive bidding for subcontractors, prevailing wage and insurance requirements—and conditions for transfer of ownership to the county once…
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