Plan commission backs recommendation to amend TID No. 8 project plan
The Plan Commission recommended that the Common Council consider an amendment to the project plan for Tax Incremental District No. 8 (Verona Technology Park) to increase planned project costs to support infrastructure and potential development incentives tied to a possible Arrowhead Pharmaceuticals expansion.
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Todd Taves, the city's financial adviser with Ehlers, told the Plan Commission that the proposed amendment to the Tax Incremental District No. 8 project plan would raise the district's listed costs and accommodate potential infrastructure and incentive needs associated with future development.
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