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Committee approves TID 83 amendment to buy land for future fire station and park
Summary
The Legal and Finance Committee approved Amendment No. 1 to TID 83, reallocating increment and approving purchase of three lots (total $1,185,000) to site a future fire station and a city park; staff said the TID is overperforming and an accelerated payoff is now estimated for 2029.
The Legal and Finance Committee voted Nov. 13 to approve Resolution 2024‑075, Amendment No. 1 to the project plan for Tax Increment District (TID) 83, allowing the city to reallocate increment and purchase three lots to support a future fire station and park.
Community Development Director Vicky Fisher said the amendment captures additional increment identified in recent activity and, in cooperation with the developer, would allow the city to purchase three lots east of Elkvale…
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