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Council approves TIF redevelopment agreement for Great Animal Hospital after financial review
Summary
Council approved a TIF redevelopment agreement for Great Animal Hospital’s expansion after the TIF board review; Administrator David Nabel cited financial concerns in the application but the council voted 5-0 to approve the agreement with conditions discussed.
The Zion City Council approved a redevelopment agreement and related TIF incentive for Great Animal Hospital on June 4 after discussion about the applicant’s financial statements and alternative incentive structures.
Administrator David Nabel told the council the TIF board reviewed the application but that his recommendation leaned toward denial due to uncertainties in the applicant’s financials, including start-up loans from shareholders and projections he…
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