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Sunbury council approves 75% TIF for Golden Eagle Storage, citing roadway improvements
Summary
The Sunbury City Council voted unanimously Nov. 19 to approve a 75% tax‑increment financing (TIF) arrangement for Golden Eagle Storage to fund nearby roadway realignment and related public infrastructure; council approved the ordinance under emergency procedures.
Sunbury City Council on Nov. 19 voted to approve an ordinance creating a tax‑increment equivalent fund for Golden Eagle Storage, authorizing a 75% TIF for a 10‑year term to help pay for infrastructure tied to a Cheshire Road realignment.
The ordinance, read by the city administrator, was described as covering improvements to a parcel on Cherry Street where structures are already built. The administrator said the TIF funds would help pay a portion of the roadway…
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