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Council approves redevelopment agreement with enhanced 10-year clawback for veterinary clinic

Zion City Council · November 6, 2024
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Summary

The Zion City Council approved a redevelopment/TIF agreement with Great Animal Hospital that tightens a 10‑year clawback schedule to protect the city if the business closes; the vote followed attorney explanation and commissioners' questions about whether prior TIFs would be changed.

The Zion City Council voted to approve a redevelopment agreement with Great Animal Hospital that includes a detailed 10‑year clawback schedule to allow the city to recoup incentives if the business closes early.

City Attorney Attorney Faselli told the council the current agreement is materially the same as last year’s version but “the clawback provision protecting the city is actually augmented in this iteration,” explaining the agreement spells out a pro‑rata recoupment schedule over 10 years so the city can recover a greater share in earlier years if the business fails to meet obligations. Faselli said the revised wording ‘‘does not jeopardize the city at all’’ and provides clearer repayment terms than the prior draft.

Commissioners asked whether the city planned to adjust earlier TIF agreements to the same schedule. Faselli replied those prior agreements will not be retroactively amended, saying changes are discretionary and depend on the size and terms of each request.

After discussion, Commissioner Fisher moved to approve the redevelopment agreement and Commissioner Frierson seconded. The clerk called the roll and all present voted “Aye”; the motion carried.

The council’s approval authorizes the mayor and city staff to execute the agreement and implement the incentive terms described in the document, including the enhanced clawback language. Council members did not amend other outstanding TIF agreements at the meeting; Faselli said prior agreements remain unchanged.

Next steps: city staff will finalize execution of the redevelopment agreement with Great Animal Hospital and proceed with any administrative steps required to deliver the incentive under the terms adopted by the council.