IDB Board Says "No Private Ownership of Green Space" The green - TopicsExpress



          

IDB Board Says "No Private Ownership of Green Space" The green space is a public park according to IRS documents September 4, 2013 Everything Hendersonville obtained copies of documents submitted to the Internal Revenue Service (IRS) stating that Hendersonville will own the park after its construction and no private entity would own any of the project funded by Tax Increment Financing (TIF). According to the bond documents for both the City of Hendersonville and the Sumner County Commission, the $18 million TIF paid for the construction of the new Saundersville Road with $1 million dedicated to the construction of a public park or what the Preliminary Master Development Plan called "open space." everythinghendersonville/articles/article346.aspx
Posted on: Fri, 06 Sep 2013 01:55:56 +0000

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