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Board debates TIF amendment that could shift up to ~$33,000 a year from district to housing trust; members plan letter to county
Summary
Trustees discussed a proposed urban renewal (TIF) amendment that would redirect captured increment to the Story County Housing Trust; board members estimated the district’s share could fall by about $33,000 per year and agreed to draft a comment letter to the Board of Supervisors.
Board Member 1 raised a proposed amendment to the county’s urban renewal (TIF) plan at the Nov. 3 Havana Community School District meeting, saying the Board of Supervisors intends to redirect captured tax increment toward low- and moderate-income housing and appoint the Story County Housing Trust as program manager.
Board members said the district currently benefits from TIF proceeds captured in prior projects but warned that two demolished wind turbines…
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