Approve Resolution 26059 approving Development Agreement with IALCO Warren County Two, LLC,…
Recorded in the minutes as “Approve Resolution 26059 approving Development Agreement with IALCO Warren County Two, LLC, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax…”. Carried unanimously (roll call); names not recorded.
What this means (Tax increment financing (TIF)): Within an urban renewal area, the extra property tax from rising values can be set aside for a period of years to pay for projects or incentives in that area, instead of going to the usual taxing bodies.
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Recorded in the minutes as: “to approve Resolution 26059 approving Development Agreement with IALCO Warren County Two, LLC, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement”.
Motion as recorded: “to approve Resolution 26059 approving Development Agreement with IALCO Warren County Two, LLC, Authorizing Annual Appropriation Tax Increment Payments and Pledging Certain Tax Increment Revenues to the Payment of the Agreement”.
Source Full minutes for the whole Mar 5, 2026 meeting, p. 7 (saved copy) · All votes at this meeting