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Boone County meeting: taxpayer agreement signed for Merit project; bond closings expected in mid-March
Summary
County officials were asked to sign a taxpayer agreement for the Merit project, which has been approved by local commissions and the developer; two bonds (real- and personal-property) will close once Merit’s construction loan is finalized, likely in mid‑March.
Unidentified Speaker 1 said the county needs a signature on the taxpayer agreement for the Merit project and that the agreement already has approvals from the Economic Development Commission, the commissioners and the council. "I just need Mark to sign it," the speaker said, noting Merit has already signed the agreement.
The speaker summarized key terms: the taxpayer agreement reiterates that if TIF (tax increment financing) revenues fall short, the developer is responsible for bond…
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