Noorda College of Osteopathic Medicine tax increment agreement
Proposed expansion of the college's tax increment finance agreement. On August 22, 2023 the council directed staff to expand the project area to include the existing building, extend the redevelopment period from 12 to 20 years and add 5- and 10-year milestones with penalties. A vote was set for the next meeting.
- Where it stands
- Approved
- Type
- Development agreement
- Applicant
- Noorda College of Osteopathic Medicine
Every hearing and vote
June 20, 2023 · City Council work session
Noorda College of Osteopathic Medicine tax increment agreement
Discussed
Presentation on expanding the tax increment finance agreement with the college. It will come to a future RDA Governing Board meeting.
July 18, 2023 · City Council work session
Noorda College of Osteopathic Medicine tax increment agreement
Approved · 7-0
A motion to have tax increment finance proposals prepared, one including the already-constructed building and one without, was seconded by Board Member Rachel Whipple and passed 7-0.
August 22, 2023 · City Council work session
Noorda College of Osteopathic Medicine tax increment agreement
Approved · 7-0
A motion expanded the project area to include the existing building and extended the redevelopment period from 12 to 20 years. An amended motion instructed staff to bring back an agreement that also includes milestones at 5 and 10 years and penalties for missing them. It passed 7-0.
September 5, 2023 · City Council work session
Noorda College of Osteopathic Medicine tax increment agreement
Approved · 7-0
Board Member MacKay, seconded by Board Member Whipple, moved that the matter come back for a vote at the next meeting. It passed 7-0.