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Committee OKs amendment allowing 33% cost increase and $15,000 county fee for Country Road West TID
Summary
The committee approved Amendment No. 1 to the Country Road West (TID 88) project plan to accommodate higher bid and financing costs—an increase of up to 33% in construction/financing estimates—and to include a $15,000 county administration fee; the TID’s estimated payoff was reported as 2031.
The Legal Finance Committee approved an amendment to the Country Road West tax increment district project plan to address higher-than-expected bids and financing costs and to include a $15,000 county administration fee.
Mike Dugan, finance department TIF planner, told the committee that engineer estimates from…
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