The Morgantown City Council convened on March 19, 2025, to discuss significant developments regarding the city's Tax Increment Financing (TIF) District. A key resolution was proposed to set a public hearing date for the removal of certain parcels from Redevelopment District Number 3, which is part of the Sunnyside TIF District. This move aims to amend the district's boundaries and extend its termination date by an additional 15 years.
Carrie Cecil, representing Frost Brown Todd, explained that the recommendation to remove four parcels was based on their negative impact on the district's financial increment. This step is crucial for revitalizing the area and ensuring continued development. The council emphasized the importance of this action, noting that it has been a topic of discussion for some time and is necessary to maintain the district's viability.
The resolution passed unanimously, allowing for a public hearing to gather community input before any formal changes are made. This process will include a 30-day period for public notice, ensuring transparency and community engagement.
In addition to the TIF discussions, the council reported on recent meetings with federal and state legislators, highlighting ongoing efforts to advocate for Morgantown's interests, including issues related to the local airport and proposed state legislation.
Overall, the meeting underscored the council's commitment to fostering economic development and engaging with residents on important community matters. The next steps will involve the public hearing, where residents can voice their opinions on the proposed changes to the TIF District.