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Canton council OKs county TAD, approves North Street IGA contingent on county sign‑off
Summary
Council approved an updated tax‑allocation district agreement with Cherokee County and voted to enter an intergovernmental agreement with the county and Downtown Development Authority to plan a county annex, parking deck and mixed‑use North Street project; the IGA passed with one nay and is contingent on county approvals.
Canton’s City Council on July 3 approved an updated intergovernmental agreement with Cherokee County to link county increment taxes to downtown redevelopment and voted to advance an IGA that frames design, funding and ownership for a proposed county annex and mixed‑use North Street project.
The council approved a modification to the tax allocation district (TAD) arrangement governing the downtown Etowah River Corridor; city staff said the county agreed to set its base year for increment calculations at December 2022. City staff described the TAD as allowing financing mechanisms tied to the tax increment and said the updated IGA permits financing…
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