Scott County opposed to use of new tax incentives for hotel, retail and commercial service businesses in proposed urban renewal area
The agreement providing millions of dollars in tax rebates for expansion of the sports complex at Forest Grove and Middle Roads was released Friday afternoon (2/11), less than three days before the Bettendorf City Council holds a public hearing and votes on it.
The council has discussed the agreement in so-called "3-on-3 meetings" outside the public view for months, but has yet to talk publicly about the multi-million-dollar Tax Increment Finance (TIF) deal with developers Doug Kratz, Kevin Koellner and Ryan Hintze.
It is possible the city council could approve the deal without any members even expressing their views on the agreement.
The agenda for the council's committee-of-the-whole meeting at 5 p.m. Monday (2/14) includes a presentation by the city's Director of Economic Development Jeff Reiter. No public comments are allowed at those sessions.
The council is then expected to hold a public hearing and approve the development agreement at its 7 p.m. Feb. 15 meeting.
CLICK HERE to download the proposed development agreement.