Cascade council approves development agreement with BLM Rentals LLC, asks attorney to clarify default provisions
The Cascade City Council approved a development agreement and related resolution for BLM Rentals LLC that authorizes tax-increment payments, while requesting attorney review of a default clause to confirm whether business-operation requirements belong in a tax-rebate agreement.
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The Cascade City Council voted Feb. 24 to approve a development agreement with BLM Rentals LLC and a resolution authorizing annual appropriation tax-increment payments and the pledging of certain tax-increment revenues, but asked the city attorney to clarify language in the agreement's default provisions before final implementation.
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