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Commissioners approve $154,019 catch-up payment to Gulf Inland TIRZ
Summary
County staff certified $154,019 in tax increment reimbursements owed to the Gulf Inland tax increment reinvestment zone covering tax years 2019–2024; commissioners approved the consolidated payment and discussed the 25-year program.
County officials told the court they had completed verification of ad valorem collections and captured value calculations and were recommending a consolidated reimbursement to the Gulf Inland TIRZ in Dayton.
“This is the original document that we executed or the county executed 09/04/2018 when this church was created,” the county presenter said, describing the tax increment reinvestment zone (TIRZ) agreement and how the obligation works. The presenter explained…
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