Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
TIF policy resolution presented to Bradley County Commission; Finance Committee to review
Summary
The Cleveland Bradley Chamber presented a resolution establishing parameters for tax increment financing (TIF) transactions; the resolution is a process document and does not authorize specific projects. Commissioner Josh Rogers referred the matter to the Finance Committee.
Doug Berry, vice president of economic development for the Cleveland Bradley Chamber of Commerce, presented a resolution to establish policies and procedures for tax increment financing (TIF) transactions potentially undertaken by the Industrial Development Board of Bradley County and the City of Cleveland.
Mark Mamantov, introduced by Berry, said the resolution sets procedural parameters and does not authorize any specific TIF project; he said that final approval for any TIF would rest with the County Commission. Mamantov said two primary questions the commission should consider are whether a proposed project makes economic sense for the county and whether a developer would undertake the project without TIF assistance.
Commissioner Josh Rogers referred the resolution to the Finance Committee for further review. No vote or TIF project approval occurred at the work session.
