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town-of-amherst-meeting-minutes-2025-04-21_58d.pdf

Thompson-Hire LLP clarifies Tax Increment Financing process

NATown of AmherstTHOMPSON HIREApril 21, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Description

Dean Spoor of Thompson-Hire LLP explained the tax increment financing (TIF) process, its flexibility for the city, and how the money can be spent over a 10-year window. He also clarified how TIFs affect school funding and the need for project lists and cost estimates from TIF money.

Contract Details

Contract Amount

NA

Vendor

THOMPSON HIRE

Agency

Town of Amherst, OH

Contract Type

Legal services

Document Date

April 21, 2025

Contract Term

NA

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