US EditionMonmouth City Council approves steps to create new TIF district for housing development
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The Monmouth City Council voted Tuesday night to approve two connected actions that move forward the creation of a new Tax Increment Financing district on the city’s east side.
The Monmouth City Council voted Tuesday night to approve two connected actions that move forward the creation of a new Tax Increment Financing district on the city’s east side. City Administrator Lew Steinbrecher said the district would support the development of streets along with water and sewer infrastructure to make way for a single-family, owner-occupied housing project. He added that expanding housing options in the Maple City has been a t…
Monmouth City Council approves steps to create new TIF district for housing development
Monmouth City Council on Tuesday night approved two related measures to establish a new Tax Increment Financing district on the east side of town. The first was an ordinance to engage the TIF consultant in establishing the new district. The second was an inducement resolution that would allow the city to spend TIF funds to pay for consultants and acquire property. This would enable construction of streets, water and sewer lines to accommodate a …
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