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Council refers several economic development and bond ordinances to finance committee, schedules Feb. 26 special meeting
Summary
The Common Council read multiple proposed ordinances involving loans, tax increment revenue bonds and revenue notes and referred them to the finance committee of the whole; the council set a special meeting on Feb. 26 to hear presentations and consider second/third readings.
At the start of new business, the clerk read several proposed ordinances addressing economic development loans, tax increment financing and revenue notes and referred each to the finance committee of the whole for detailed review.
Items read and referred included proposed ordinance 26-003 (a direct loan to the developer for the Garrison Fraser economic development project), 26-004 (authorization…
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