Quantcast

Joplin council set to reveal plans for spending tax money... - KOAM TV 7

Joplin city council set to reveal plans for spending tax money from TIF district

Updated:

The Joplin City Council approves provisions with the Tax Increment Financing district.

The provisions set the way revenue is disbursed from the district.  Tax money in the district will be used to pay off bonds used for other redevelopment projects.

The council is meeting Wednesday evening to reveal and approve how that money will be disbursed.

Officials say the agreement would have already been approved but bond issuers wanted revisions to specify items in the agreement with the school district, city and Wallace Bajjali developers.

This TIF district is the largest in state history and officials say because of that, all precautions needed to be taken before any spending was approved.

"We wanted to make sure everybody was on the same page so there's no discrepancies, no problems that can pop up, and make sure everybody has a clear picture of what's going to happen," says Joplin Mayor Melody Colbert-Keen.

City officials say the groundbreakings on the upcoming projects take time and they hope to start construction soon.

  • Local NewsMore>>

  • Former POW celebrates 105th birthday in southwest Missouri

    Former POW celebrates 105th birthday in southwest Missouri

    Tuesday, July 29 2014 11:17 PM EDT2014-07-30 03:17:58 GMT
    Floyd McComas is a man who knows a lot about life. "You have good times, you have bad times, but you've got to be determined and roll with the punches," said McComas.More >>
    Floyd McComas is a man who knows a lot about life. "You have good times, you have bad times, but you've got to be determined and roll with the punches," said McComas.More >>
  • Endangered species of fish delays Oklahoma bridge construction

    Endangered species of fish delays Oklahoma bridge construction

    Tuesday, July 29 2014 9:43 PM EDT2014-07-30 01:43:30 GMT
    An endangered species of fish has delayed construction of a bridge just outside of Commerce, Oklahoma. The US Fish and Wildlife Service has ordered a halt in construction until an additional environmental study has been completed.More >>
    An endangered species of fish has delayed construction of a bridge just outside of Commerce, Oklahoma. The US Fish and Wildlife Service has ordered a halt in construction until an additional environmental study has been completed.More >>
  • Residents and city officials react to Walmart's plans for another neighborhood market in Joplin.

    Residents and city officials react to Walmart's plans for another neighborhood market in Joplin.

    Tuesday, July 29 2014 7:49 PM EDT2014-07-29 23:49:52 GMT
    Joplin could get another Walmart neighborhood market. The company is requesting a rezoning of property on Joplin's southwest side at 24th and Maiden Lane.More >>
    Joplin could get another Walmart neighborhood market. The company is requesting a rezoning of property on Joplin's southwest side at 24th and Maiden Lane. More >>
Powered by WorldNow

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.