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EDA debates capturing development gains for its budget; legal counsel says direct property-specific levy is not permitted
Summary
Members proposed the EDA receive a portion of property-tax gains from projects it helps enable; legal counsel told the EDA that diverting tax from a single property is not legal (except through county-level TIF/TIFF mechanisms), so staff was asked to prepare a value report and consult council and counsel about levy options for 2027.
Commissioners spent a substantial portion of the Dec. 16 meeting discussing how the EDA should be funded as its development work progresses, including whether the EDA should capture some of the property-tax revenue generated by projects it helps to enable.
One member framed the idea this way: because the EDA advances property into taxable uses (for example, the triangular Dayton Parkway parcel expected to support a $10 million facility in the future), the EDA…
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