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Chickasaw supervisors direct auditor to certify $50,000 of urban-renewal costs toward $600,000 TIF bond
Summary
Supervisors agreed to certify up to $50,000 of planning, attorney and related costs against a $600,000 urban-renewal TIF bond, while debating which preliminary expenses should remain county obligations versus bond-funded project costs.
Chickasaw County supervisors voted Nov. 24 to direct the county auditor to certify not to exceed $50,000 of planning, engineering and attorney costs against a $600,000 urban-renewal tax-increment financing (TIF) bond. The certification must be submitted by Dec. 1, staff said.
County staff explained the $600,000 figure is the bond amount expected to fund the urban-renewal project. Supervisors debated which costs can be charged…
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