On July 9, the Council unanimously endorsed the Participation Agreement and Project area. The agreement will be sent to the State Revitalization Zone Committee for consideration before returning to the Council for final approval and adoption of the proposed sales tax increase. […]
RDA Board approves NWQ, LLC Tax Increment Agreement
In August 2019, the Council, acting in its capacity as the Redevelopment Agency Board (RDA), approved a resolution authorizing a property tax increment reimbursement of up to $28 million to NWQ, LLC over a 20-year term. Tax Reimbursement agreements are a standard part of the Council’s work as the RDA Board, read their Tax Increment […]