Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Story County sets public hearing on urban renewal amendment to enable TIF support for housing
Summary
The Story County Board of Supervisors voted to set a public hearing for Nov. 18 on an amendment to the county's urban renewal plan that would authorize tax-increment financing (TIF) to support the Story County Housing Trust; supervisors and county officials raised timeline, cost and legislative-risk concerns ahead of the vote.
The Story County Board of Supervisors voted Tuesday to set a public hearing on Nov. 18 on an amendment to the Story County urban renewal plan that would authorize a new urban renewal project providing tax-increment financing support to the Story County Housing Trust.
The board's action sets the November 18 public hearing and schedules a consultation meeting for Nov. 4 to share the draft amendment and likely TIF agreement. The resolution to set the hearing (Resolution 26-28) passed on a voice vote: Basil, aye; Merkin, aye; Heddens, aye.
Why it matters: the amendment would create a TIF mechanism the county could use to help fund qualifying housing projects for low- and moderate-income families. Board members and county officials emphasized that certifying TIF debt is a separate, later step with important timing and fiscal consequences, and several supervisors warned…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
