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Council discusses put-option for Square South Town TIF parcel; asks staff to add first-refusal language
Summary
Council discussed a put-option agreement with developer Square South Town tied to a TIF parcel while appellate proceedings are pending; staff and the city attorney sought council consensus on adding first-right-of-refusal language and finalizing the agreement for consideration at the next meeting.
Council took time to discuss a proposed put-option agreement between the City of Effingham and the developer Square South Town concerning a property in the TIF district.
Staff and the city attorney explained the agreement would give the developer a period during which it could require the city to…
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