The Jefferson city council at its Jan. 10 meeting will hold a public hearing as a step in determining how to pay for projects already completed or committed to.
On the agenda is a public hearing on a resolution to amend the city’s urban renewal area to fund approximately $1 million in projects. The amendment would allow tax increment financing to be used.
Included on the list of projects is the city’s $250,000 share of the downtown façade restoration project; paying for real estate acquisition in the TIF district; paying the city’s share of a Community Development Block Grant project involving owner-occupied housing rehabilitation; making the final $200,000 payment on the Highway 4 overpass (that amount is the cost overrun incurred after bonds were sold for the project, which was completed in 2012); and paying preliminary engineering costs for a storm water project in the northern part of the district, an area which includes Wild Rose Casino.
The public hearing is slated at 5:30 pm.
