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Lisbon council approves development agreement with Goose Bay Properties
Summary
The Lisbon City Council adopted Resolution 30-2025 on July 28, 2025, approving a development agreement with Goose Bay Properties LLC that authorizes annual tax-increment payments; the measure passed on a 4-0 roll call with one member absent.
The Lisbon City Council approved Resolution 30-2025 on July 28, 2025, adopting a development agreement with Goose Bay Properties, LLC that authorizes annual appropriation tax-increment payments and pledges certain tax increment revenues to pay the agreement. The motion to approve the resolution was made by John Bardsley and seconded by Nathan Smith; the roll call vote recorded Bardsley, Kevin Steele, Nathan Smith and Rick Scott voting yes. Councilmember Mike Williams was absent.
The council opened a public hearing on the proposed agreement at 7:05 p.m. and closed it at 7:06 p.m.; the minutes record no public comment during the hearing. The resolution’s text and any effective dates or financial schedules were not specified in the minutes.
By adopting the resolution the council authorized the city to make the pledged tax-increment payments described in the agreement; the minutes do not list implementation dates, dollar amounts or a timetable for when payments will begin. Those details are not specified in the meeting record and will need to be confirmed from the signed agreement or subsequent administrative filings.
Mayor Doug O’Connor presided over the meeting; the council adjourned at 7:19 p.m.
