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Supervisors approve 5‑year extension of Southern Hill urban renewal TIF to aid 55‑home project
Summary
The Dickinson County board unanimously approved a request to extend the Southern Hill urban‑renewal tax‑increment financing (TIF) period from 10 to 15 years to help cover public infrastructure for a 55‑home development; the developer estimated a $20 million-plus boost to the tax base and infrastructure costs were capped at about $2.36 million.
The Dickinson County supervisors voted unanimously to extend the Southern Hill urban renewal tax‑increment financing (TIF) period from 10 years to 15 years after a presentation from city/development representatives.
A county presenter explained the request, saying the proposal would support development of 55 single‑family slab‑on‑grade homes built in three phases and that "we are literally being very conservative, approximately $20,000,000 minimum" in new property tax base once built. The…
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