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Council declines Rankin/Xeris IFT application and orders review of local IFT policy
Summary
Council declined to approve an IFT for Rankin & Associates (Xeris) after finding the application conflicted with city policy timing and contained inconsistent job/investment numbers; legal counsel recommended denial to allow a refreshed application and staff was directed to propose policy clarifications.
An application from Rankin & Associates (doing business as Xeris) for a 12‑year Industrial Facilities Tax exemption for a 14,800‑square‑foot expansion drew extensive council scrutiny Jan. 26 and was not approved.
City staff (Kayla) presented the project as a $1.7 million improvement that would retain 32 jobs and add 10 new full‑time positions; representatives for local businesses and the applicant described the…
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