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Tipton closed redevelopment bond; city seeks county property interest at Northgate Industrial Park
Summary
City officials said the redevelopment district bond closed, enabling the city to purchase the county's property interest in the Northgate Industrial Park expansion; the mayor said the city hopes to complete the purchase before the Christmas holiday and is coordinating with county commissioners and counsel.
The Tipton City Council heard that the redevelopment district (RDC) bond has closed, and city staff are pursuing purchase of the county's property interest in the planned Northgate Industrial Park expansion.
Speaker 5 said the closed redevelopment bond "allowed the city the financial…
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