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Council advances Ralston Avenue roundabout financing and property appropriation to move storm-sewer work forward
Summary
The Defiance City Council adopted a third-reading tax-exemption/TIF ordinance to help close funding gaps for the Ralston Avenue roundabout and considered an ordinance to appropriate an interest in 1203 Ralston Ave to install storm sewer; councilmember O'Donnell said the appropriation is needed to file in court to resolve title issues.
The Defiance City Council on Dec. 2 adopted a third-reading ordinance establishing a tax-exemption and tax-increment financing arrangement to cover remaining costs for the Ralston Avenue roundabout project and moved forward on a related property appropriation needed for storm-sewer construction.
Councilmember O'Donnell explained the financing vehicle as targeted to cover project costs not paid by grants or low-interest loans, saying it would…
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