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Council approves annexation and three East Side TIF ordinances tied to Diane Brown parcel
Summary
The council approved annexation of the Diane Brown property and three ordinances establishing a redevelopment plan, designating the TIF project area and adopting tax-increment allocation to pay bonds for infrastructure supporting a single-family subdivision on the East Side.
The mayor introduced three related ordinances concerning the East Side TIF District connected to acquisition of the Diane Brown property: an annexation of the parcel, approval of a redevelopment plan that includes public infrastructure for a single‑family subdivision and designation of the redevelopment project area, and adoption of a tax increment allocation to use future incremental property taxes to pay bonds for the needed public improvements.
Council moved and seconded the annexation and then voted to adopt the three ordinances together by roll call. The mayor noted that the redevelopment plan includes street and drainage improvements and that bonds would be issued to finance the public infrastructure supported by TIF increment. Council approval moves the project forward to implementation steps including bond issuance and coordination with developers.
