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Mt. Vernon council approves Jent-Tuggle subdivision, advances hotel-area TIF work
Summary
Council approved the Jent-Tuggle subdivision on Zachery Drive, contracted PGAV Planners to study a new TIF district for a prospective hotel near N. 44th Street, and approved an inducement resolution for a Sila MK Hotels project; the sale of municipal property tied to the subdivision was tabled pending a future 4/5 vote.
The Mt. Vernon City Council approved a Preliminary and Final Plat for the Jent-Tuggle Subdivision on Zachery Drive and took several steps toward redevelopment of property near N. 44th Street at its March 17 meeting.
Acting City Manager Nathan McKenna said the subdivision had been recommended by the Planning and Zoning Commission and that placement on the council agenda awaited completion of a land purchase agreement with SCT for ten acres on Zachery Drive. Council Member Mike Young moved to approve the Preliminary and Final Plat; Council approved the motion (Yeas: Moore, Young, Lewis; Absent: Botch, Gliosci).
Separately, the council approved a resolution to engage PGAV Planners LLC to assist with creating a small tax-increment financing (TIF) district around a site near N. 44th Street where a developer has proposed a hotel. McKenna said PGAV is already assisting with extensions of nearby TIF districts and that the new TIF would be limited in size to the hotel property, the former Genkota Winery parcel and surrounding vacant land. Council approved Resolution #2025-11 to engage PGAV.
The council also approved a Resolution to Induce redevelopment with Sila MK Hotels, LLC (Resolution #2025-12). McKenna emphasized that the inducement resolution does not commit the city to financial assistance; it would, however, make certain predevelopment expenses potentially eligible for reimbursement if a TIF is ultimately created.
A separate ordinance to authorize sale of municipal property on Zachery Drive (to support the transit facility) was presented but tabled because municipal property sales require a 4/5 vote; McKenna asked the item be held for a future meeting when a full council could vote.
Councilors approved the PGAV contract and the inducement resolution on recorded votes. Next steps include the TIF study by PGAV and continued negotiation of land-sale terms concurrent with required public notices and additional council action.
