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Council sets July 14 public hearing for Lisbon urban renewal plan amendment
Summary
The council voted to set a public hearing on an amendment to the Lisbon Urban Renewal Area plan tied to a proposed TIF for Bay Properties; staff said bond counsel Dorsey & Whitney had been consulted.
The Lisbon City Council set a public hearing for July 14 on an amendment to the Lisbon Urban Renewal Area plan that staff said is tied to a new tax-increment financing (TIF) proposal for Bay Properties in the industrial park.
Staff told the council they had consulted bond counsel Dorsey & Whitney regarding the proposed TIF. By motion and second the council set the hearing date; the transcript records the motion and a second and the council specifying July 14 for the hearing.
The item represents the first formal step in the public-review process for an urban-renewal boundary or TIF amendment; staff will present the full amendment and related materials at the public hearing so the council and public can comment.
