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Commission hears preliminary plan for Hammond Ridge TIF, no approvals yet
Summary
Commissioners received a preliminary briefing on a proposed 30-year tax-increment financing (TIF) for Hammond Ridge that could fund an operations building, fire apparatus and infrastructure; no formal TIF decision or financial terms were approved.
Commissioners received an update on a proposed Hammond Ridge tax-increment financing (TIF) plan intended to support a mixed-use development that would add commercial units and residences and provide an operations and maintenance building to house county equipment and fire apparatus.
Speaker 3 (unnamed) briefed the commission on conceptual elements:…
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