Huron Board of Education to vote on two TIF related agreements

HURON – The Huron Board of Education is scheduled to vote on two tax increment financing related agreements at their Tuesday, December 21 meeting.

The first agreement is a School Compensation Agreement with the City of Huron. The agreement will allow Huron City Schools to receive regular taxes from Ardagh Metal Beverage USA Inc, who owns and is currently expanding the former IAC plant. At the December 14 Huron City Council meeting, Huron City Manager Matt Lasko said that council will likely vote on giving Ardagh a TIF at their December 28 meeting. Lasko also said that Ardagh plans to keep Huron City Schools and EHOVE whole with the School Compensation Agreement.

The second agreement is to give NAI Harmon Group, the planned developer of the former ConAgra parcel, a TIF. NAI Harmon plans to develop the property into 50 townhouses and 30 apartments or condos. The property is also planned to have boat docks, a half mile walking trail, green space, and a overlook boardwalk. There will also be a School Compensation Agreement with this TIF; however, it will only be equal to 25% of what the regular taxes would be. For example, under the agreement, if all 80 units are sold, then the district will only collect about $90,000, instead of the $360,000 it would otherwise receive. Currently there are no taxes on the property, due to the City of Huron owning it.

City Manager Matt Lakso is schedule to speak at the meeting prior to the votes.

This is also the final meeting for board members Donna Green, Scott Slocum, and Paul Ward.