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JP2 Properties outlines potential Carbon Cliff development; board discusses TIF and financing options
Summary
Representatives from JP2 Properties presented a pending development proposal to the Village of Carbon Cliff and discussed the possible creation of a tax increment financing (TIF) district and other financing options; no formal action or vote occurred because the meeting ended for lack of quorum.
Kevin and Scott Schoonmaker of JP2 Properties summarized a pending development proposal for the Village of Carbon Cliff and discussed financing options with board members. The agenda item is listed as: "Discuss potential development within the Village of Carbon Cliff." The presentation focused on project plans and early-stage financing structures, including the potential use of a tax increment financing district.
Board members and staff asked preliminary questions about timing and options but did not take action. Director Nick Gottwalt and Village leadership discussed TIF as one financing option; the meeting notes record only discussion and no commitment to create a TIF district. Because the auditors and some trustees were absent later in the meeting and quorum was lost, the board did not vote on any development-related proposals or incentives.
