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Council approves first reading of appropriation to cover legal costs for TIF expansion
Summary
The council voted on first reading to appropriate funds to the Redevelopment General Fund to cover legal and administrative expenses tied to expanding the city’s TIF district and hired redevelopment counsel to support the process.
On April 21 the Angola Common Council approved on first reading an additional-appropriation ordinance to add funds to the Redevelopment General Fund to cover legal and administrative expenses related to expanding the city’s tax increment finance (TIF) district.
City staff told the council the appropriation is intended to cover legal fees, legal descriptions of parcels to be included in the extended TIF district, right-of-way work and…
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