Osage Beach Calls TIF Commission
The Osage Beach Board of Aldermen has approved a resolution referring the proposed Oasis at Lakeport application to the TIF Commission. According to City Administrator Jeana Woods, City staff and consultants have reviewed the documents which includes the Tax Increment Financing Redevelopment Plan, Cost Benefit analysis, and the Qualification Study for Lakeport Village/Oasis at Lakeport….
Tax increment financing involves new property taxes generated by the improvements..
The TIF Commission is made up of 11 individuals within the taxing districts. Two TIF Commission meetings have been scheduled. On March 27th the TIF Commission will be presented with an overview of the process, and their role as TIF Commissioners, and they will be provided with project details. A second public hearing will be held on April 17th. Both meetings will be at 6 pm at Osage Beach City Hall..