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Benton County committee forwards Industrial Development Authority enabling ordinance after lengthy Q&A
Summary
The Committee of the Whole voted Oct. 21 to send an enabling ordinance for a regional Industrial Development Authority (IDA) to quorum court for readings; presenters said the IDA would not raise taxes but could use fee‑in‑lieu agreements and industrial revenue bonds to ready and market sites across three counties.
Judge Morin presented an ordinance asking Benton County to join Madison and Washington counties in petitioning circuit court to create a regional Industrial Development Authority (IDA) and moved that the committee forward the ordinance for the first of three readings at quorum court.
The presenter described the IDA’s purpose as assembling and preparing “shovel‑ready” sites for industry, marketing the region, and enabling the use of instruments like industrial revenue bonds and negotiated fee‑in‑lieu (PILOT) agreements. He emphasized the ordinance itself…
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