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Redevelopment commission approves amended TIF plan to expand economic development area
Summary
The Angola Redevelopment Commission approved an amended economic development (TIF) plan that expands the district, removes low-value residential parcels and sets the public-notice, plan-commission and city-council steps required by state law. The amendment includes a detailed legal description and parcel list to reduce future amendments.
The Angola Redevelopment Commission voted on Oct. 8 to approve an amended economic development area plan that expands the city’s tax-increment financing (TIF) district and sets in motion required reviews and a public hearing.
Attorney Tom Pittman, who led the legal overview, told commissioners the amendment follows a four-step process: the redevelopment commission’s initial approval, review and a finding of consistency by the planning commission, city-council approval and a final redevelopment-commission public hearing and confirming resolution. “We want to expand the TIF District. We want to expand the…
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