Knox TIF District Fund over $151,000

Knox City Council #2
Back Row: Mayor Rick Chambers, Ed Blue, Clerk-Treasurer Jeff Houston, Greg Matt and Attorney David Matsey. Front Row: Linda Berndt, Jeff Berg and Ron Parker

Knox Mayor Rick Chambers has notified the Knox City Council that the TIF fund has grown to just over $151,000. The fund has grown to this level over the past two years. Before that, those funds were not building, but the City contracted with Umbaugh and Associates to determine the amount due. Money from the TIF fund can be used within the district for redevelopment, public improvement projects, training, or making bond payments.

The Council members are to prepare suggestions for how a portion of the funds can be used for upgrades.