Algoma council authorizes negotiations to trade city parcel to create mixed‑use tax incremental district

The Algoma Common Council directed the administrator to continue negotiations to trade city‑owned parcel 3100221.061 for parcel 3120127.102 with the stated purpose of creating a mixed‑use tax incremental district (TID).

In the meeting, a council member (repeating earlier wording) said the motion to trade city parcel 3100221.061 for parcel 3120127.102 was made by “John” and seconded by “Lee.” The chair restated that the body’s direction is to pursue trade negotiations for the purpose of creating a mixed‑use TID. Members voted on the motion during roll call and the motion passed.

Why it matters: A TID can be used to encourage private development by dedicating future incremental tax revenue to a development area; the council’s action authorizes staff to negotiate terms and pursue the district concept further.

What the council said: The meeting record includes the restated motion: “We had portrayed a motion for trading city owned Parcel 3100221.061 for Parcel 3120127.102. The direction from this body is to discuss trade negotiations for that for the purposes of creating a mixed use tax incremental district.” The chair and others confirmed roll‑call support.

Closed‑session follow-up: Because two closed sessions had occurred, the council also sought and recorded a motion in open session to ratify the action taken in the second closed session. The council authorized the administrator — working with the clerk — to move forward as discussed in closed session.

Next steps: City staff were authorized to continue negotiations and to report back; the transcript records that the administrator is to negotiate consistent with prior closed‑session direction and in consultation with the city clerk.