DeKalb says TIF accounts thriving
DeKALB – The city’s Central Area Tax Increment Financing District is expected to have a fund balance of $2.87 million by the end of the fiscal year on June 30, 2013.
This is according to a report that the city’s Economic Development Coordinator Jennifer Diedrich will present to the DeKalb City Council on Monday.
The report does not include a potential $900,000 loan that the city would give to Darden Restaurants as a forgivable loan so the company can build an Olive Garden along Sycamore Road.
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