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Council approves TIF 20 redevelopment agreement with Coastal Properties
Summary
Council approved an ordinance (4106) authorizing a TIF 20 redevelopment agreement with Coastal Properties to construct a duplex on a vacant lot, with staff saying any existing structure would be demolished and the project will access Garfield and the alley.
The Marion City Council approved a redevelopment tax‑increment financing (TIF) agreement for TIF 20 with Coastal Properties to facilitate new duplex construction on an infill lot.
Staff described the project as new construction; if a structure exists it would be demolished. Council members asked about site access and were told the lot would be served from Garfield and the rear alley; the project would tie into utilities from adjacent properties. The ordinance (4106) was moved, seconded and approved by roll call.
Why it matters: TIF agreements direct incremental tax revenues or local incentives toward redevelopment projects and influence land use in the designated district. The agreement authorizes staff to proceed with the construction plan and related assistance provided under TIF 20.
Next steps: Staff will finalize the redevelopment agreement language and proceed with project approvals and construction oversight under the terms of the TIF agreement.
