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Amherst council sends Quarry Creek TIF plan to second reading after infrastructure, sidewalk questions
Summary
The Amherst City Council voted 7-0 on April 28 to send an ordinance creating the Quarry Creek tax-increment financing (TIF) incentive districts to a second reading after staff gave preliminary cost estimates for road, stormwater and sidewalk work and residents asked for clarity on sidewalk locations and access.
The Amherst City Council on April 28 voted to send an ordinance creating the Quarry Creek tax-increment financing incentive districts to a second reading after hearing preliminary cost estimates and questions from nearby residents.
Council members were presented with estimated infrastructure costs associated with the proposed TIF, including road-widening, sidewalks, signal and signage work, stormwater and sewer improvements, and engineering and inspection costs. Council heard that the estimated cost of those improvements alone was about $2,180,000, but county tax-revenue projections that would fund the TIF were not final and remained pending.
The proposal would declare improvements within the Quarry Creek incentive districts to be public purposes and exempt those…
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