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EDAC opens discussion on Trophy Signature Homes tax-sharing agreement; seeks developer presentation
Summary
EDAC discussed a proposed sales-tax revenue sharing agreement with Trophy Signature Homes that would return 50% of proven sales-tax revenue to the developer over the life of the project, and agreed to invite the developer to present further details at a future EDAC meeting (in-person or by Zoom).
EDAC members discussed a proposed tax-sharing agreement between the city and Trophy Signature Homes and agreed to invite the company to present details at a future meeting, via Zoom or in person.
Committee members summarized the agreement as a revenue-sharing arrangement in which the city would issue grants equal to 50% of proven sales-tax revenue generated by…
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