Board approves amended TIF agreement with Home on High LLC to reflect changed development plans
Summary
The board adopted Resolution 26-649 to approve an amended and restated tax-increment financing (TIF) agreement for a development at US 23 and Home Road; staff said the southern portion is under construction as senior living and the amendment updates reimbursement conditions for the remaining northern parcel.
The board voted to approve Resolution 26-649, amending and reinstating a tax-increment financing agreement with Home on High LLC for a development at the southwest corner of US-23 and Home Road.
County counsel explained the project has been split: the southern portion is under construction as a senior-living complex and the amendment redefines the types of development that will be eligible for reimbursement on the remaining northern portion. "This agreement will update the requirements for receiving reimbursement for the developer, based on some development changes that have occurred since the TIF was first approved in 2019," the county attorney said.
Commissioners asked a brief procedural question about the project’s construction status and then voted aye to approve the amended TIF agreement. No public opposition was raised during the agenda item.
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