Christian Fiscal Court approved or extended three separate tax increment financing incentives for commercial and residential developments at its first meeting of May Tuesday morning.
Sivley Point developer Robert Gray says it will result in 72 new homes in the Sivley Road area.
Elsewhere, Cary Bruce says a new warehouse is under construction near the Bypass in an area behind the Phelps Dodge building. He says approximately 30 new jobs will be created at the warehouse, which has already drawn interest from local industries.
Hal McCoy wants his TIF extended 10 years to match the city’s commitment at a development across the Eagle Way Bypass from the YMCA. McCoy says he has a partner and wants to further extend sewer and water service.
All three requests received unanimous approval, meaning 80 percent of any new property tax revenues created by increased assessments through development of those properties will be refunded to the developer over the next 10 years.
In other action, Wynn Radford of Higgins Insurance encouraged fiscal court to contribute an additional 5-percent to its self-insured health insurance program. He says claims have been down over the last year.
Christian County Animal Shelter Director Irene Grace reminds that the Spayghetti Dinner and Auction fundraiser is coming up Saturday, May 19 at the James E. Bruce Convention Center. Dinner will be from 4 until 6 and the auction starts at 6.