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MO
Sedalia Tax Increment Financing
Sedalia may use tax increment financing to reimburse eligible redevelopment and public improvement costs for qualifying projects.
About this program
The City of Sedalia identifies Tax Increment Financing as an economic development tool that can support qualifying redevelopment projects. Approved TIF projects may use captured incremental property and sales taxes to reimburse eligible project costs such as infrastructure, site preparation, public improvements, and other redevelopment costs when the City determines that the project meets legal and policy requirements.
Eligibility
Businesses, developers, property owners, and public-private partners with qualifying redevelopment or economic development projects in Sedalia may seek TIF consideration.
Requirements
- Project must be located in Sedalia and meet Missouri TIF statutory requirements.
- Applicant must demonstrate that the project needs public assistance and delivers public benefit.
- Applicant must provide project scope, budget, financing plan, eligible cost details, site control, and impact information.