The Scott County Board of Supervisors say they will partially support City of Riverdale’s tax break for Arconic's expansion.
In a letter to Riverdale Mayor Mike Bawden and the Riverdale City Council, Scott supervisors supported tax increment financing, or TIF, incentives for the proposed expansion and upgrade of Arconic’s manufacturing facilities, but opposed using TIF funds as matching dollars for reconstruction of South Bellingham Road or for administrative costs.
“The Board does not support the use of TIF for funding municipal infrastructure improvements, such as the local match for the State RISE grant,” Board Chair Tony Knobbe said, reading from the letter during Thursday's Board of Supervisors meeting. “Rather such a match should only come from city revenue sources and not the county levy generated portion of a TIF fund.”
During Tuesday's Scott Board Committee of the Whole meeting, Riverdale City Administrator Tim Long told supervisors funding the $60,000 match for the $350,000 state of Iowa grant would be a financial burden to the city’s 400 residents.
Under state law, cities can approve TIF district plans without county supervisors’ approval. The proposed $3.5 million TIF plan for Arconic and the RISE grant match are amendments to the State Street Urban Renewal Area plan.
In other business, supervisors approved three county road resurfacing projects. Supervisor Diane Holst voted against the estimated $252,000 cost to pave 52nd Avenue, the road the leads to the Wapsi River Environmental Education Center.
“The investment we’ve made on gravel work has that road in good shape,” Holst said.
Contract bid submissions for the projects begin March 30.