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City Accepts Urban Renewal Plan, Tabulating Sealed Bids For Conveyance Project

This week the Fairfield City Council voted to accept the Annual Urban Renewal Report. The report details revenue and expenditures within the city’s urban renewal Tax Increment Financing or TIF districts. TIF is an economic development tool that utilizes increased tax revenue within a specified area to help pay for improvements that generate new tax revenue. If it is used properly, TIF has the ability shields property tax payers outside each urban renewal district from paying for improvements within the district.

Sealed bids are being opened and tabulated this week for the Step 2 Sanitary Sewer conveyance project. The work will be located generally parallel with Crow Creek in and around the City from the intersection of Fillmore Avenue, Park Street, and Mint Boulevard northwest to MUM. The BIDS will be considered by the City Council during their meeting beginning at 7:00 p.m. on Monday December 16th. 

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