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Oskaloosa council adopts TIF policy and calculator to evaluate developer incentives
Summary
Council adopted a structured Tax Increment Financing policy and a spreadsheet tool to estimate developer rebates and city returns; staff and the city’s financial advisor presented tiered examples for commercial and residential projects.
Oskaloosa — The City Council on Nov. 17 adopted a formal Tax Increment Financing (TIF) program policy and accepted a staff-created spreadsheet 'calculator' designed to model developer rebate scenarios and the city’s present-value return.
City financial advisor Suzanne Gerlach, partner at PFM Financial Advisors, walked council through sample calculations showing how a $1,000,000 commercial…
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