The main topic at a September joint work session between the City Council and the Yellowstone County Board of Commissioners was a County-proposed Accord that addresses Urban Renewal Tax Increment Financing District (TIFD) formation and amendment.  The Accord would create a committee composed of all 11 members of the City Council and all three County Commissioners.  The 14-member committee would accept and review applications for the formation, modification or expansion of any TIFD.  The committee would meet with the TIFD applicant(s), vote on the TIFD request and forward a recommendation to the City Council.

The City Council would retain the ultimate decision-making authority on the formation, expansion or renewal of any Urban Renewal TIFD and the expenditure of Urban Renewal TIFD funds as provided by Montana law. 

The City Council may:

• Approve the Accord as presented;
• Amend the Accord;
• Not approve the Accord.

Approving the Accord would not have any direct financial impact on the City.

It is recommended that the City Council approve the Accord.