Council approves tax-sharing agreement
Last updated 9/2/2020 at 10:50am
The Fountain City Council has approved a new initiative that officials hope will encourage developments in the vacant area south of Mesa Ridge Parkway between Fountain Mesa Road and Highway 85/87.
Last Tuesday the council voted to approve an "Infill Infrastructure Tax Sharing Agreement" (TSA) that allows developers to get back a portion of the city's tax revenues during businesses' first five years in exchange for firm commitments to construct revenue-generating projects and help paying for utility connections to the currently under-connected properties.
Kimberly Bailey, Fountain's econom...