Looks Like Christmas
City employees have been decorating for the holidays the past few weeks. Crews from the electric, fire and police departments have joined efforts to put up the wreaths and holiday decorations on light poles downtown. The annual Farmington Christmas Parade, sponsored by Krekeler’s, will be held on the evening of Dec. 7, with Winter Wonderland opening in Long Memorial Hall immediately following the parade. - Farmington Press photo by Maridee Lawson
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Council set to approve promissory TIF notes
In 2005 the Farmington City Council and a Tax Increment Financing, or TIF, committee approved a plan to allow a developer to utilize future tax revenue to help subsidize construction of a new shopping center near the corner of Maple Street and Maple Valley Drive. Now the developer is asking for the first installments on that promise.
City council members discussed and heard the first reading of legislation last Thursday evening which would provide Gundaker Commercial Development with $8 million in promissory notes — leveraging a portion of tax revenue collected by the new shopping center well into the next decade. The council is set to take a final vote on the move during the Nov. 23 session.
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City council members discussed and heard the first reading of legislation last Thursday evening which would provide Gundaker Commercial Development with $8 million in promissory notes — leveraging a portion of tax revenue collected by the new shopping center well into the next decade. The council is set to take a final vote on the move during the Nov. 23 session.
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