Council discusses TIF 2 expiration and Agri-Fab application; consultant input requested
Council reviewed the pending expiration of TIF 2 and an Agri-Fab TIF application tied to demolition with estimated eligible costs of $387,000; council asked the City Clerk and Treasurer to consult the TIF consultant and taxing bodies before deciding whether to extend TIF 2 or move properties into TIF 4.
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Mayor Mike Mossman told council members that TIF 2 is scheduled to expire this year and that any extension would require state approval and time to complete. The council discussed whether to extend TIF 2 or to move applicable properties into TIF 4 instead.
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