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Planning commission recommends TIF amendment to fund River Park roundabout
Summary
The Brandon Planning Commission on Feb. 5 recommended the city council amend TIF No. 9 to cover a roundabout at River Park Avenue and Holly; the city would front the cost and be reimbursed by TIF revenues through 2030, with the developer responsible for any shortfall.
The Brandon Planning Commission voted Feb. 5 to recommend that the City Council amend Tax Increment Financing (TIF) district No. 9 to allow reimbursement for a planned roundabout at the River Park Avenue and Holly intersection.
Staff described an arrangement in which the city would initially pay the construction cost and recover the expense from TIF revenues allocated to TIF No. 9 through 2030. Patrick, the…
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