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Board OKs up to $4.3 million taxable bonds for Main Street parking garage tied to TIF
Village of Oswego Board of Trustees · May 6, 2025
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Summary
Trustees approved issuance of up to $4.3 million in taxable general obligation bonds tied to a redevelopment agreement for construction of a parking garage in the village's Main Street redevelopment area; Andrea said repayment will come from that building's TIF increment or developer payments if shortfalls occur.
The Village Board approved a taxable bond authorization not to exceed $4,300,000 to finance TIF-eligible construction of a parking garage associated with the Reserve at Hudson…
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