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Boone County RDC amends declaratory resolution to add parcels for 47 Commons development
Summary
The Boone County Redevelopment Commission adopted a resolution to amend a prior declaratory resolution for the Project 47 Commons development so tax-increment financing can be collected for phase 1; the measure moves next to the area plan commission, county commissioners and a public hearing.
The Boone County Redevelopment Commission voted to adopt a resolution amending a prior declaratory resolution for Project 47 Commons so additional parcels can be included and tax-increment financing (TIF) collected for phase 1 of the development.
The amendment, identified in the meeting as “resolution 28 25-01” (as read at the meeting), adds parcels shown in an exhibit map and follows the same approval sequence as the original declaratory resolution. Staff said the newly included parcels encompass the area planned for the project’s initial industrial phase and that the amendment is needed to issue TIF bonds that would fund…
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