Council to consider TIF district for Mills Building

    The Washington City Council will discuss a proposed development agreement to use tax increment financing (TIF) to fund the renovation of the Mills Seed Building.

    In December, the council voted to authorize City Administrator Dave Plyman to negotiate the establishment of a TIF district with Jeremy Patterson. Patterson told the council he wanted to refurbish the Mills Seed Building and move it from its current location on North Seventh Avenue to the lot on North Iowa Avenue where the Chamber of Commerce building once stood.

    In a memorandum Plyman sent to the council last week, he wrote that he and Patterson had reached an agreement on a possible TIF district on the property on North Iowa Avenue. The agreement calls for the City to pay Patterson $25,000 to offset some of the costs of renovation. The payment will be made after the City issues a certificate of occupancy.

For the full article, see our Jan. 19 print edition.