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Council approves expanded TIRZ project plan, adds roughly $10 million for facade, demolition and sidewalk grants
Summary
Council approved changes to the tax increment reinvestment zone project plan to allocate roughly $10 million more in available increment, increase facade and demolition grant caps, and add a sidewalk reimbursement program aimed at downtown improvements.
City staff described that revised financial analysis shows roughly $10 million in additional tax increment available within the TIRZ boundary. Michael Rice summarized proposed increases: higher matching facade grants (increased lifetime allocation and a five‑year tranche), demolition grants up to $15,000 per project, and a sidewalk grant program for properties inside the zone.
Rice explained reimbursements are typically 50% matching grants and emphasized that sidewalks and curb/gutter are typically the responsibility of adjacent property owners but that grant funding would help with downtown segments in disrepair. After a public hearing and questions about zone boundaries and program caps, council voted to approve the updated project plan and grant ceilings.
