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Reinbeck council votes to cancel TIF re‑bate for 101 Progress Drive
Summary
Council decided not to extend a TIF re‑bate to the new owner of 101 Progress Drive and approved a motion to cancel the re‑bate by unanimous roll call.
Council members discussed a tax-increment financing (TIF) re‑bate tied to 101 Progress Drive after staff noted the property changed ownership. Council indicated it could either transfer the re‑bate to the new owner or cancel it; Johnson moved to cancel the TIF re‑bate and not extend it to the new owner, and the motion passed on a unanimous roll call vote.
The council did not specify a new owner in the record and did not attach a revised agreement to the motion. The council’s action ends the city's obligation to continue that specific re‑bate for 101 Progress Drive unless council reconsiders the matter at a later meeting.
