Fountain Valley News - Your Hometown Community Newspaper

Council approves tax-sharing agreement

 

Last updated 9/2/2020 at 10:50am

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Fountain City Hall was lit up in purple last week to commemorate Women's Equality Day and the 100th Anniversary of the 19th Amendment, which gave women the right to vote.

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...



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