City council approves $49,000 TIF reimbursement to RCL Development
The Seminole City Council approved payment of a $49,000 invoice to RCL Development from Tax Increment Finance District No. 2 proceeds to reimburse eligible infrastructure work; staff noted limited collections so far and that payments are permitted under the TIF plan.
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The Seminole City Council voted to approve payment of a $49,000 invoice from RCL Development to be paid from proceeds in Tax Increment Finance (TIF) District No. 2.
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