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Council approves final plan to start downtown Economic Improvement District process
Summary
Council approved a final plan to advance a downtown Economic Improvement District (EID). If formed after the public-notice period, the district would levy assessed contributions (standard 10¢/sq ft; 7.5¢/sq ft tier for nonprofits and government) for three years with an optional three-year renewal.
The Medford City Council voted on Jan. 7 to approve a final plan that starts the public-notice phase for a proposed downtown Economic Improvement District (EID).
City Attorney Eric Minton explained the EID is a three-step process: adoption of a final plan, a notice and public-hearing period allowing affected property owners…
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