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County weighs adding Homeland Energy Solutions to urban renewal/TIF plan; directs paperwork
Summary
Chickasaw County supervisors heard a presentation from Homeland Energy Solutions and its bond counsel about three options for tax-increment financing: do nothing, create a separate TIF district, or add the property to the county's existing urban renewal plan. The board directed staff to prepare legal descriptions and documents to consider adding the site as a potential urban renewal project for future action.
Chickasaw County supervisors discussed a proposed expansion by Homeland Energy Solutions and options for using urban renewal/TIF financing to support it.
Beth Eiler, representing Homeland Energy Solutions, and county bond counsel (Jason and Gina) told the board that three principal routes are available: leave the property taxable so all taxing entities get new revenues; form a separate TIF district with a negotiated development agreement returning some tax increment to the…
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