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Reinbeck council votes to cancel TIF re‑bate for 101 Progress Drive after property sale
Summary
With the property at 101 Progress Drive having changed hands, the council voted unanimously to cancel the existing TIF re‑bate rather than transfer it to the new owner.
The council discussed an active TIF (tax increment financing) re‑bate tied to 101 Progress Drive and confirmed the property has changed ownership. Council member Johnson moved to cancel the TIF re‑bate rather than extend it to the new owner; the motion passed on a roll call vote of 5–0.
Council did not approve transferring the re‑bate to the purchaser, and minutes record the cancellation as the council's formal action. The decision was recorded by roll call (Wambold, Pease, Johnson, Trepp, Bueghly).
