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Council creates Easton Village TIF district, terminates Spruce Willy Rockway district
Summary
Morgantown council approved an ordinance establishing the Easton Village tax increment financing district and simultaneously approved termination of the overlapping Spruce Willy Rockway TIF; city attorneys and bond counsel emphasized that creating the TIF sets a base value but does not by itself obligate debt or a developer agreement.
Morgantown City Council voted to establish a tax increment financing (TIF) district for the Easton Village project and to terminate the overlapping Spruce Willy Rockway TIF district, actions the council said are required by state law before redeveloping the site.
City bond counsel explained that adopting a TIF ordinance sets a base assessed value (July 1, 2025, in this case) so future increases in property tax revenue within the district—the…
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