Caleb Bell Bricker & Eckler 1-23-23

J. Caleb Bell of Bricker & Eckler explains how an NCA (New Community Authority) can provide the money needed to support new development at the Jan. 23, 2023, Mount Vernon City Council meeting.

MOUNT VERNON — Mount Vernon City Council members are considering adding another tool to the city's development toolkit. The tool is attractive because it answers the question “Who pays for the infrastructure needed to accommodate growth?”

The new tool is an NCA: New Community Authority. Similar to the special energy district and PACE program council approved last year, council would create the tool, and then apply the tool to projects as they occur.