Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Council amends TIF District No. 9 plan to include developer agreement costs for roundabout
Summary
Staff presented a TIF plan amendment to reflect a previously approved developer agreement (amendment by Toby Morris) that adds roundabout costs and financing; the council approved the amendment by voice vote.
Planning and economic-development staff presented an amendment to Tax-Increment Financing (TIF) District No. 9 to reflect terms in a developer agreement previously approved by the council. Staff said the amendment — prepared with input from Toby Morris — adds the financing approach for a roundabout project noted in the developer agreement. The council moved, seconded and approved the TIF plan amendment by voice vote.
Staff characterized the action as an administrative amendment to align the TIF plan with a developer agreement the council had already approved; no additional financing authorizations were debated at the meeting.
