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Council adopts expansion of Economic Development District No. 1, applies existing 1% sales tax to new area
Summary
The Iberia Parish Council voted Nov. 12 to alter the boundaries of Economic Development District No. 1 and to levy the district’s existing 1% sales tax within the expanded area, contingent on a companion parish ordinance. Bond counsel said the expansion is supported by a registrar of voters certificate showing no registered voters within the new territory.
The Iberia Parish Council on Nov. 12 adopted an ordinance expanding the boundaries of Economic Development District (EDD) No. 1 and authorized the application of the district’s existing 1% sales tax to the newly included area.
Jason Akers of Foley Newdome Bond Counsel told the council the office prepared the ordinance and that the expansion is paired with a companion ordinance on the parish council agenda later in…
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