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0405-2026
Ordinance
Active
2 appearances

To transfer, appropriate, and authorize the expenditure of service payments in lieu of taxes deposited into the Milo-Grogan TIF Fund to Coulter Properties, LLC; to authorize the Director of the Department of Development, on behalf of the City, to enter into the TIF Agreement with Coulter Properties, LLC for up to eighty-one thousand four-hundred twenty-one dollars and eighty-three cents ($81,421.83) to reimburse them for soft costs and construction costs, including demolition, for public infrastructure improvements adjacent to the Rogue Fitness expansion; and to allow for the reimbursement of expenditures incurred prior to the Purchase Order, starting January 1, 2026. ($81,421.83)

City: Columbus, MS
First Seen: March 2, 2026
Latest Activity: February 23, 2026
budgetcontractseconomic_development

Summary

This ordinance authorizes the transfer and appropriation of $81,421.83 from the Milo-Grogan TIF Fund to Coulter Properties, LLC. These funds will reimburse Coulter Properties for soft costs and construction expenses, including demolition, related to public infrastructure improvements adjacent to the Rogue Fitness expansion. The expenditure is authorized under Ordinance Number 0405-2026. The agreement allows for the reimbursement of expenditures incurred prior to the Purchase Order, starting January 1, 2026. The Department of Development is authorized to enter into a TIF Agreement with Coulter Properties, LLC for this amount.