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Missoula County approves development agreement enabling up to $7.9 million in TIF reimbursements for Creek Crossing Missoula
Summary
The board approved a seven-year development agreement allowing Creek Crossing Missoula LLC up to $7.9 million in tax-increment reimbursement for infrastructure—water, sewer, utilities, road, sidewalks and intersection improvements—with developers given four years to complete improvements and the county reserving bond issuance (minimum $2 million) as a reimbursement mechanism.
County staff outlined terms and the board approved the development agreement by voice vote.
Staff described a development agreement with Creek Crossing Missoula LLC that would implement terms for reimbursing up to $7,900,000 in infrastructure improvements using tax-increment financing (TIF) after the county’s February approval to use TIF for the project. The reimbursable improvements include a water-main extension, sewer extension, dry utilities (gas and electric), construction of an access road within the…
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