Downtown TIF Building Program Changes
Archived News Item
On April 18, 2023 the City Commission passed Resolution 10502 which made the following changes to the Downtown Tax Increment Financing (TIF) Building Program:
-The maximum Life Safety/Code Compliance award that can be approved by City staff has been increased from $25,000 to $75,000.
-The Eligibility guidance in the Life Safety/Code Compliance has been changed to ensure that projects installing fire suppression and ADA improvements are automatically eligible.
-The Commission has been given broad guidance to approve projects exceeding administrative caps for all three programs.
-The total allowance of all three programs has been increased from $80,000 to $130,000 reflecting the larger amount approved for the Life Safety/Compliance Program.
Information about the Downtown TIF Building Programs: https://greatfallsmt.net/planning/downtown-tif
Resolution 10502: https://greatfallsmt.net/ordinance/resolution-10502
