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Council continues public hearing on SPARC/TIF spending-plan amendment to Nov. 4
Summary
After public comment and council questions, the city continued action on a proposed amendment to the SPARC spending plan (use of certain TIF funds created during COVID-era legislation) to the Nov. 4 meeting and set a closing date for public input of Oct. 26; the amendment would extend deadlines and allow interest earnings to be included.
The Edina City Council on Oct. 22 held a public hearing on a staff proposal to amend the SPARC spending plan — the city’s program that repurposes previously collected tax-increment (TIF) monies to support job growth and construction — but voted to continue the matter to the Nov. 4 council meeting after public comment.
Economic development manager Bill Neuendorf outlined the amendment and its rationale. The 2021 state law allowed the City to use approximately $9.5 million in unobligated TIF funds to support pandemic recovery projects; the 2025 legislative changes extend the deadline for expenditure…
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