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Moorhead EDA authorizes city manager to execute access and due-diligence agreements for downtown TIF site
Summary
At a special meeting, the Moorhead Economic Development Authority unanimously authorized the city manager to sign access and due-diligence agreements for properties inside the downtown TIF district to allow environmental testing and developer site access amid reports of petroleum-impacted soils.
The Moorhead Economic Development Authority voted unanimously at a special meeting to authorize the city manager to execute access and due-diligence agreements for properties within the downtown redevelopment tax-increment financing district, clearing the way for environmental testing and site access by prospective developers.
Derek (speaker; role not specified in the transcript) told commissioners the EDA and city created the downtown TIF district and that the EDA is the landowner of most of the property within the site. He said crews are working on…
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