Taxes
12:36 pm
Tue October 22, 2013

Still No Agreement Between Ann Arbor and Downtown Development Authority

Ann Arbor City Council has, once again, delayed an ordinance amendment that would limit the tax increment financing revenue the Downtown Development Authority may collect.

As WEMU's Andrew Cluley Reports, the  council also took another vote on a controversial appointment to the DDA board.

Andrew Cluley Reports

For a second time, Ann Arbor City Council has voted to put Al McWilliams on the Downtown Development Authority Board.  McWilliams last night was approved on a six to five vote. A second vote became necessary when some on council questioned whether the initial approval should have required eight votes.

Council also postponed until the next meeting an ordinance amendment limiting the Tax Increment Financing revenue the DDA can collect.  Council Member Stephen Kunselman says he anticipates the final language on this amendment to cap growth in TIF capture around 4.5%.

Kunselman says he believes the joint  DDA - City Council committee is close to finalizing the details.  Council will then be able to consider the new language as well as what was approved at first reading in the spring.