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Council approves Viva White Oak TIF resolution with committee amendments
Summary
The County Council unanimously approved a committee‑amended resolution creating the Viva White Oak Tax Increment Financing district (approx. 294 acres) to support public infrastructure; bond issuance will be authorized separately and the resolution includes conditions on park delivery and allowable off‑site road improvements.
The Montgomery County Council approved a resolution on Feb. 18 to create the Viva White Oak Development District, a tax‑increment financing (TIF) district covering roughly 294 acres in the county’s east near the FDA and Adventist Hospital. The joint economic development and government operations/fiscal policy committees recommended approval with two amendments, and the council adopted the resolution as amended.
County staff and committee chairs explained that the TIF would identify an existing tax base to continue generating general‑fund revenue while establishing an increment to support issuance of TIF bonds for public infrastructure needed to move the Viva White Oak development forward. The resolution does not itself authorize bond issuance; that will come in a future council action when financing is finalized.
The two committee amendments adopted with the resolution clarify (1) the timing and backstop tied to delivery of a local park before the contemplated bond issuance (identified in committee paperwork as series C bonds), and (2) allowable use of district development funds to finance certain roadway and transportation improvements outside the district where authorized by county code. Council members representing the area thanked developer partners and expressed support for the project’s community engagement and inclusion of affordable senior housing in the plan.
Outcome: motion made on the floor and recorded as unanimous among members present; staff will return with bond‑authorization paperwork if and when financing is ready.
