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Delaware County agrees to continue process exploring Rose Rock TIF on Monkey Island; developers say they will cover legal costs
Summary
The board voted to continue exploring a proposed Tax Increment Financing district for the Rose Rock development on Monkey Island, instructing staff to form a review committee and to request an engagement letter from outside counsel; developers said legal fees would be about $35,000–$40,000 and that the county would not bear those costs.
The Delaware County Board of Commissioners voted April 14 to continue the process of considering a Tax Increment Financing district for Rose Rock, a proposed development on Monkey Island, and to take the next procedural steps to form a review committee and seek outside legal counsel.
A proposal and initial materials were presented to the board by counsel for the developer, and Colby Fuser, identified in the minutes as one of the developers, told commissioners…
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