City of Corinth Tax Increment Reinvestment Zone #2 Agenda Packet 2026-06-11
Corinth EDC to Receive $1M Reimbursement for Land Purchase
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Description
The Board approved reimbursement to the Corinth Economic Development Corporation for half of the land acquisition cost for 5790 S I-35E, totaling $1,063,712.50 over five years. The project seeks to promote retail and commercial growth and expand the City's sales tax base.
Contract Details
Contract Amount
$1,063,712.50 over a five-year period
Vendor
CORINTH ECONOMIC DEVELOPMENT CORPORATION
Agency
City of Corinth, MS
Contract Type
OTHER
Document Date
June 11, 2026
Contract Term
Five years
Renewal Date
2031-06-11
Renewal Info
Five-year reimbursement period; future amendments or extensions subject to Board approval.
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