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Council to hear petition to add Madison Reserve land to London Gateway Community Authority; RFQ sought for TIF/NCA advisors
Summary
Council discussed a petition to add parcels including Madison Reserve to the London Gateway Community Authority and scheduled a public hearing; members also authorized advertising for RFQs to hire NCA and TIF advisors to manage multiple taxing districts, with advisor fees to be paid from TIF funds.
The London City Council discussed a developer-backed petition to add parcels — including land tied to the Madison Reserve project — to the London Gateway Community Authority and set a public hearing on the application.
A council member explained that a community authority (NCA) is a financing vehicle developers use to fund infrastructure (roads, sewers, sidewalks) by creating service payments in lieu of…
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