Columbia City Council to Discuss TIF District

4 years 4 months 5 hours ago Monday, February 17 2014 Feb 17, 2014 Monday, February 17, 2014 7:10:00 AM CST February 17, 2014 in News
By: Nichole Cartmell, KOMU 8 Reporter
loading

COLUMBIA - The Columbia City Council is scheduled to discuss which downtown infrastructure improvements could be funded by a Tax Increment Financing District, or "TIF" at Monday night's meeting.

According to Columbia Public Works, increased residential demand downtown has stressed the city's sewer system. The city proposed a project to replace 1,000 feet of the 100-year-old storm drain system in parts of downtown. The city said the current system is in poor condition. 

Other projects the city is looking to address include relief sewers in the Flat Branch area and extending Elm Street from 10th Street to College Avenue.

To fund those projects, the city is looking to designate the area south of I-70, north of Rollins Street, west of College Avenue, and east of Providence Road as a TIF. The district would allow the city to freeze property taxes at the rate they are right now. Improvements to the infrastructure would make property values increase, allowing the tax base to go up. Those increases would be collected by the TIF district.

Overall, the city has identified $70 million worth of improvements it would like to make in downtown. 

However, not all community groups like the TIF idea. Boone County is suing the city over the proposal, saying the city does not have the authority to use TIF.

The council urges everyone interested in the issue or in the various projects proposed to attend Monday's meeting and offer feedback. Residents can also email any of the members.

 

More News

Grid
List
JEFFERSON CITY (AP) — A Democratic political action committee is targeting Republican Missouri Senate candidate Josh Hawley for not... More >>
2 hours ago Tuesday, June 19 2018 Jun 19, 2018 Tuesday, June 19, 2018 4:22:00 AM CDT June 19, 2018 in News
COLE COUNTY - Former Gov. Eric Greitens' attorneys will meet with lawyers Tuesday to discuss his use of the Confide... More >>
4 hours ago Tuesday, June 19 2018 Jun 19, 2018 Tuesday, June 19, 2018 3:00:00 AM CDT June 19, 2018 in News
WASHINGTON (AP) — President Donald Trump announced Monday he is directing the Pentagon to create a new "Space Force" as... More >>
11 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 7:08:00 PM CDT June 18, 2018 in News
JEFFERSON CITY - Missouri democrats want Governor Mike Parson fire his chief operating officer and cancel a contract awarded to... More >>
12 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 6:49:00 PM CDT June 18, 2018 in News
COLUMBIA - Mid-Missouri air conditioning companies are facing the busiest time of year amid a four-day heat advisory. Craig... More >>
13 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 5:16:00 PM CDT June 18, 2018 in News
COLUMBIA – The attorney representing the security guard who shot Anthony Warren at a Waffle House on New Year's Day... More >>
15 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 3:12:00 PM CDT June 18, 2018 in News
JEFFERSON CITY - The 600 block of Monroe Street will be closed until Friday. Construction crews are removing a retaining... More >>
16 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 2:20:00 PM CDT June 18, 2018 in News
BOONE COUNTY - A death, a huge cache of weapons and a suspect whose gun jammed as he was aiming... More >>
16 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 2:17:00 PM CDT June 18, 2018 in News
JEFFERSON CITY (AP) — Gov. Mike Parson appointed state Senate Majority Floor Leader Mike Kehoe to be the new lieutenant... More >>
17 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 1:15:00 PM CDT June 18, 2018 in News
BOONVILLE - Jesse Viertel Memorial Airport may reach new heights after the city council accepted a bid and authorized a... More >>
18 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 12:42:00 PM CDT June 18, 2018 in News
COLUMBIA - City public works crews will be repairing a road buckle on Providence Road between Blue Ridge Road and... More >>
19 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 11:39:00 AM CDT June 18, 2018 in News
BALLWIN (AP) — Another bear sighting has people concerned in part of Missouri, but this time, it's deep into... More >>
21 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 9:45:39 AM CDT June 18, 2018 in News
BOONE COUNTY – The Katy Trail will see more bike traffic than usual this week with the 2018 Katy Trail... More >>
23 hours ago Monday, June 18 2018 Jun 18, 2018 Monday, June 18, 2018 7:33:00 AM CDT June 18, 2018 in News
COLUMBIA - Columbia is under a heat advisory until Monday evening. The National Weather Service issued the advisory on... More >>
1 day ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 9:29:00 PM CDT June 17, 2018 in News
FULTON - Forty people with disabilities will learn how to ride a two-wheel bicycle at the iCan Bike camp this... More >>
1 day ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 9:18:00 PM CDT June 17, 2018 in News
COLUMBIA - Missouri is the first and only state to define "meat" as exclusively animal product. The Missouri General... More >>
1 day ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 4:55:00 PM CDT June 17, 2018 in News
COLUMBIA - The city will discuss the results of the 2017 Community Survey at Monday's city council meeting. Used... More >>
1 day ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 4:06:00 PM CDT June 17, 2018 in News
ROCHEPORT - The Sunny Oaks Charity Horse Show brought about 20 riders out Sunday afternoon to compete for ribbons and... More >>
1 day ago Sunday, June 17 2018 Jun 17, 2018 Sunday, June 17, 2018 3:36:00 PM CDT June 17, 2018 in News
Columbia, MO
Broken Clouds 74°
7am 78°
8am 81°
9am 84°
10am 85°