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Council adopts Ordinance 2137 to formally adopt tax increment financing
Summary
The City Council adopted Ordinance 2137, formally adopting tax increment financing for the redevelopment effort; the ordinance initially failed but was later approved when the council revisited the item.
Ordinance 2137, described in the minutes as "an ordinance adopting tax increment financing," was first brought to a vote and recorded as failed when Commissioner Arkebauer voted no and Commissioners O’Malley and Mayor Goldsmith voted yes with two absent members.
At 'Other Business' the council revisited the previously failed TIF items and voted 3–0 in favor of Ordinance 2137; the minutes do not include the ordinance text or estimated tax increments in the meeting record.
