Apr 14, 2011 8:50 AM by Nichole Larkey & AP
NEW IBERIA, La. (AP) - An Iberia Parish Council committee has voted unanimously to table discussion on a proposed tax increment financing district until May 4.
The agenda item tabled on Wednesday would have discussed what sales tax rate to set for the newly created Economic Development District No. 2, which covers a 10.5-acre area at La. Highway 14 and Weeks Island Road.
Council chairman Roger Duncan tells The Advocate the council moved the discussion to next month because Jason Akers, the lawyer who handles the affairs of the district for the parish, was absent.
Council member Naray Hulin said according to an email from Chris Jordan, co-owner of the property that makes up the district, the new TIF district will be responsible for creating 160 new jobs and
increasing property values by $12 million.