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Shelby council certifies 2022 TIF amounts, approves advances and urban renewal report
Summary
The council certified 2022 tax‑increment financing (TIF) amounts—$180,473.40 for Shelby County and $552,081.00 for Pottawattamie County—approved Resolution 11‑22‑2 authorizing advances to the TIF fund, and accepted the Annual Urban Renewal Report.
During its Nov. 15, 2022 meeting the Shelby City Council approved a set of urban renewal and tax‑increment financing actions.
On motion by Councilmember Pat Honeywell, seconded by Karen Schlueter, the council certified 2022 TIF amounts: Shelby County $180,473.40 and Pottawattamie County $552,081.00. The council then approved Resolution 11‑22‑2 authorizing advances to the TIF fund (moved by Honeywell, seconded by Schlueter). The council also approved the Annual Urban Renewal Report on a similar motion. All three measures passed by roll call with all members voting aye, per the minutes.
The minutes do not specify the intended uses of the certified increment amounts, the source of any advances, or reporting deadlines associated with the urban renewal report.
