The Cass County Board of Supervisors will hold their regular weekly meeting on Tuesday, this week, instead of Wednesday, because it is the end of the month. During the meeting, a Public Hearing will be held beginning at 8:30-a.m., on a Development Agreement with Elite Octane, LLC, authorizing Tax Increment Payments, and Pledging Certain Tax Increment Revenues to the Payment of the Agreement. The hearing will be followed by action on a Resolution approving the Development Agreement.

Under the Development Agreement the County would provide financial incentives to the Company in the form of incremental property tax payments in an amount not to exceed $8.5-million. The Agreement to make incremental property tax payments will not be a general obligation of the County, but will be payable solely and only from incremental property tax revenues generated within the 2017 Cass County Agribusiness Urban Renewal Area.