ii. Applicant must maintain continuous, uninterrupted, annual claims

Community Redevelopment Board · 2026-06-02 · agenda_item

This item concerns a Tax Increment Rebate (TIR) award for an applicant, though the specific project details, location, and proposed use are not provided. The applicant must claim the rebate annually to maintain the award until the full amount is paid. Failure to submit a claim for any year will result in the termination of the award at the end of that calendar year, preventing any future claims. This process is currently under review. The potential scope of work is not detailed in this item, but a successful rebate award typically supports development projects. Businesses that provide services related to development, such as construction, engineering, or financial services, may find opportunities if this award leads to a project. Early engagement with the applicant could be beneficial as plans develop.