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Nokomis council approves TIF district after split vote
Summary
The council voted to create a TIF district with Moran Economic Development; the motion passed 4–1 and Commissioner Arkebauer objected, citing concerns about freezing the school district and long-term cost.
The City of Nokomis approved the creation of a tax increment financing (TIF) district with Moran Economic Development after a split vote. Commissioner Stauder moved for approval and Commissioner Morris seconded; voting yes were Commissioners Morris, Glenn, Stauder and Mayor Goldsmith. Commissioner Arkebauer voted no, saying he was concerned about "freezing the school district," expense and the long timeline to realize funds.
The motion passed and the TIF district will move forward with Moran Economic Development involvement. The council did not include additional language to address Arkebauer’s objections at this meeting; further details on project scope, geographic boundaries and financial projections were not specified in the minutes.
