Ida supervisors consult with school, cities over TIF

The Ida County Board of Supervisors held a consultation with cities and schools regarding the Tax Increment Finance (TIF) of the current phase one of the amended urban renewal area for Ida Grove’s wind turbine project Dec. 18.

Present at the supervisors’ meeting were: Ida Grove Mayor Devlun Whiteing, Holstein Mayor Connie Ludvigson and administrator Kay Hanson, Battle Creek Mayor Lloyd Holmes and O-A/BC-IG business manager Kathy Leonard.

Formal approval of the projects to be funded by the TIF will be at the Jan. 2 supervisors’ meeting. Supervisors meet at 9 a.m. Tuesdays at the Ida County Courthouse.

“The 2018 highway project will consist of county road, bridge and culvert improvements in the Urban Renewal Area. The total debt certification for a 20-year TIF bond is $38,573,000,” according to information given to the local officials.

Secondary Roads Engineer Jeff Williams said the TIF projects have to be tied to economic development and not, for example, courthouse work or a shed for the secondary road department.

See the full story in the Dec. 27 edition of the Ida County Courier or subscribe online for instant access.