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Chickasaw County defers vote on wind-energy urban renewal plan after questions about TIF boundaries
Summary
Supervisors opened a public hearing on the Chickasaw County Wind Energy Center urban renewal plan but deferred final action after public concerns about district boundaries, required city consents and outstanding joint agreements; the attorney for bond counsel outlined how tax increment financing would work and what must be certified before the county can capture TIF revenue.
The Chickasaw County Board of Supervisors opened a public hearing Dec. 9 on the Chickasaw County Wind Energy Center Urban Renewal Plan but voted to defer adoption after questions about who would benefit from captured tax increment and missing joint agreements.
Bond counsel Jason told the board that an urban renewal plan must identify geographic boundaries and that the county can capture tax increment — the increase in taxable value above a frozen base — to pay for renewal projects. "That's what they can use for renewal projects," he said, explaining that certain levies, such as some debt-service…
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