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Council sets public hearings to redraw TIF boundaries and create new redevelopment districts
Summary
City staff presented three resolutions to amend the downtown TIF and create new redevelopment/TIF districts for the Waldo property, the Golf Building and the Wilmore Hotel. Council set public hearings for Nov. 18 and authorized the publication of required notices to the state and local levying bodies as part of the statutory process.
City staff presented three resolutions to begin the statutory process required to amend the downtown tax-increment financing (TIF) district and to create separate redevelopment/TIF districts for two properties currently inside the downtown district.
Reynolds, addressing council, explained the downtown district established in 2008 is set to terminate in 2038 and currently includes the Waldo and Golf (referred to in the packet as "Gulf/Golf") properties. The resolutions would remove the parcels associated with the Waldo and the Golf Building from the downtown district and place each into a newly created TIF district with a 30‑year life, allowing a longer redevelopment financing period for those sites. The Linden School parcel would be added back into the downtown district with a base assessed value set as of July 1, 2024 rather than reverting to 2008 values.
Council voted to set a public hearing on Nov. 18 at 6 p.m. (this will be a special council meeting) and to publish legal notices and send required letters to the West Virginia Division of Economic Development and local levying bodies. Several council members had clarifying questions about boundaries and the statutory process before the motions carried; the transcript does not include a roll‑call vote tally.
