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Effingham council debates draft $2 million TIF redevelopment agreement for Village Square Mall
Summary
City staff and developers presented a draft $2 million TIF agreement to redevelop the Village Square Mall; council and public probed timelines, project area boundaries, occupancy requirements and litigation contingencies before asking staff and counsel to refine exhibits and renderings.
Effingham City Council spent the bulk of its meeting discussing a draft $2 million tax‑increment financing (TIF) redevelopment agreement for the Village Square Mall, presented as the Square Southtown project. Staff outlined the agreement’s structure: a $637,500 reimbursement tied to property assembly and roughly $1.33 million earmarked for eligible building expenses including HVAC, parking lot and façade work, and space conversion to allow exterior access. The draft assumes the resolution of pending litigation before final disbursements.
City staff identified a three‑year performance window requiring three tenants or condominium purchasers to occupy the project area; failure to…
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