Urbana committee forwards 2302 Vance Road purchase to council; TIF 4 closure and transfers discussed The Committee of the Whole voted to send an ordinance to purchase 2302 Vance Road (proposed price $915,000; not to exceed $925,000) funded from TIF 4 to the regular City Council and separately approved moving forward with an ordinance terminating TIF 4 and transferring remaining funds to Central TIF.

Urbana's Committee just greenlit a major property purchase that could reshape local economic development, but not everyone is on board with the plan!

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