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Romulus council holds TIFA plan hearing; staff outlines 30‑year extension, boundary changes and 18‑acre public safety purchase
Summary
At a Sept. 22 special hearing, City of Romulus staff described a proposed amendment to the city’s Tax Increment Finance Authority plan that would extend the plan to 30 years, alter three district boundaries (including City Hall and Fire Station 1) and funds a recently closed 18‑acre purchase for a future Public Safety Headquarters; adoption is set for Nov. 24.
City of Romulus officials held a special council public hearing on Sept. 22 to review a proposed amendment to the city’s Tax Increment Finance Authority (TIFA) plan that staff said would extend the plan term to 30 years, add three boundary areas and improve the city’s ability to bond and fund infrastructure projects.
Kevin Krause, the city’s director of community development and safety, told the council the amendment’s main purposes are to align plan end dates with fiscal projections, "to allow for the highest and best use of TIFRA capture for the quality of life improvements for the citizens," and to enable bonding for projects such as the proposed public safety facility. "So this will take this plan out for a full 30 years and make sure the end date and the fiscal projections for the plan all are in alignment," Krause said.
The draft amendment would change district boundaries to include the City Hall complex (so captured dollars could be used for campus infrastructure), encompass Fire Station 1 (a station the city has discussed reopening or…
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