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Council's TIRZ board approves amended plan to fund $1M Canyon Falls retaining-wall repairs
Summary
After a public hearing, the TIRS board and council approved amending the TIRS plan to include a $1 million retaining-wall restoration and to allow a general-fund transfer to start repairs, with payback to be repaid from TIRS revenue over an estimated 3-5 years.
At a joint TIRZ/TIRS board session during the July 10 meeting, staff presented evidence of erosion and water infiltration causing failures in the Canyon Falls trail retaining walls and recommended adding a $1 million repair project to the TIRS project and financing plan. Nathan (staff) explained the TIRS was created in 2015, covers Canyon Falls, and is funded by approximately nine cents of the town tax rate.
Nathan said the…
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