The Centralia City Council Monday night will consider a Tax Increment Financing District #5 development agreement with Blue Fish 44, LLC on behalf of the new Scooter’s Coffee at 280 Brooks Avenue. The project included development of a vacant green space into a commercial development to provide an increase in the property tax base and sales tax base of the city.
Under the agreement Blue Fish will be reimbursed for eligible expenses from property taxes paid. The agreement also allows for a sales tax reimbursement of 0.6-percent of the retail price of goods sold by Scooter’s until January 1st, 2027.
The council will also consider a resolution approving a water sales agreement between the city and Raccoon Water Company that would continue through December 31st, 2028. The rate will be $4.00 per thousand and will increase with the consumer price index on July first of each year. The contract is one of nine the City of Centralia has with satellite water customers.
The Centralia City Council meets at six Monday night at Centralia City Hall.
