NORFOLK, Neb. -- The Norfolk Community Development Agency held a rather large, but brief, discussion in regards to a tax increment funding project on Monday night. 

With no immediate discussion, the board moved to a vote and ultimately adopted the resolution. Phase two of the Sunset Plaza Mall project is now ready to begin.

Now the bond will not exceed a $3.5 million cap. If the resolution hadn’t been approved, it would have been as low as $2.17 million. The bond also sits with 76% interest.

While we’ve seen recent pushback in regard to other TIF projects, there was none from the community at this meeting. The TIF will fund phase two for the Sunset Plaza Mall, which is undergoing construction after opening a Kohl's just a month ago.