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Council reviews TIF cooperation agreement for Bell Hooks development in second reading
Summary
An ordinance (42-2026) would authorize a cooperation agreement with the county port authority to meet a state requirement for tax-increment financing tied to the Bell Hooks development; staff said the item would initially cover two apartment buildings and that an earlier TIF has been in place since 02/21/2020.
City staff presented Ordinance 42-2026 on second reading, which would authorize execution of a cooperation agreement with the Cleveland County Port Authority to satisfy a state-law requirement for tax-increment financing (TIF) in connection with the Bell Hooks development. Staff…
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