Saturday, March 2, 2013
sponsored by

City to hold public meeting Monday on TIF

Send a link to a friend

[March 02, 2013]  Mayor Keith Snyder told the Lincoln City Council on Tuesday evening that three ordinances need to be passed in order to move forward in establishing a tax increment financing district in the downtown Lincoln area.

Before the ordinances can be passed, the city must hold a public hearing regarding the TIF district. The hearing will occur on Monday at 7 p.m. at City Hall.

The public is invited and encouraged to attend this meeting with their questions about the proposals for the TIF district that will be established in the downtown area of the city.

Snyder said the three ordinances that must be passed will be for the establishment of the district boundaries, to adopt the TIF redevelopment plan and to establish the actual TIF district.

Snyder also told the council that the joint review board established specifically for the TIF district has reviewed all the documents and agreed unanimously to recommend them to the city.

The review board was made up of representatives from the city, county, District 27 schools, Lincoln Community High School, Heartland Community College and the Lincoln Park District. These are all taxing bodies that will be affected by the establishment of the TIF district.

In addition, Snyder told the council that three downtown businesses are currently taking advantage of the enterprise zone. He said that because no business can be part of both the enterprise zone and the TIF, the three have to decide now which they wish to be in.

[to top of second column]

Currently, he said two businesses have said they will stay with the enterprise zone, and the third is considering dropping out of the enterprise zone to join the TIF.

Snyder said that before the city can vote, the third business needs to make a decision because it will not be able to change after the vote is taken.

It was also mentioned that letters had been mailed by the city to everyone who would be affected by the establishment of the TIF district. City Clerk Susan Gehlbach said that amounted to over 700 letters.

Before moving off the topic, Snyder also reminded the council that the city website has a "frequently asked questions" page on the proposed downtown TIF district.



Past related articles


< Top Stories indexx

Back to top


News | Sports | Business | Rural Review | Teaching and Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law and Courts | Leisure Time | Spiritual Life | Health and Fitness | Teen Scene
Calendar | Letters to the Editor