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Heath EDC funds and recent bond contribution highlighted; $1.2M encumbered for Town Center Park
Summary
City presenters reviewed Economic Development Corporation (EDC) activities: a 25% sales-tax contribution model, $1,200,000 encumbered for Town Center Park, a $3,000,000 NBC contribution to a bond program last year, and an EDC strategy workshop set for March 24; council action was not taken at this meeting.
Unidentified Speaker 2, role not specified, gave an overview of recent EDC financial activity and the organization's mission to grow Heath's commercial tax base. The speaker said the EDC's contribution model is based on a 25% share of sales-tax revenue and noted $1,200,000 is currently encumbered toward Town Center Park. "The NBC's contribution to the bond program last year…
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