Council hears update on Weimer Farm development; TIF process and $65 million financing discussed
Council members heard a progress update on a proposed development at the old Weimer Farm and were told attorneys will start a tax-increment financing (TIF) process; a council member said financing documents aim to secure about $65,000,000 and a fall groundbreaking is possible but not guaranteed.
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A committee member told the Union City Village Council on April 7 that discussions with developers over the old Weimer Farm are "moving forward" and that a meeting with an attorney will begin the tax-increment financing process to support the project.
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