The final vote on a tax break for converting the old Dixie Cup factory into apartments may not come until October, and then only if two earlier hurdles are overcome.

The developer behind the plan to convert the Wilson Borough factory into 405 apartments is seeking a financing break known as Tax Increment Financing, or “TIF,” as part of the $155 million proposal.

The Northampton County City Council is awaiting votes from the other two governments on whether to levy property taxes on the Cup factory that towers over 25th Street.

There are also advertising requirements for a TIF ordinance that must be met, pushing back the potential date to Oct. 17, said Tina Smith, the county’s director of community and economic development.

The council will not vote until Wilson and the Wilson Area School District have their say.

“At this point, it appears that the city will pass their resolution on July 8,” Smith said during Thursday’s council meeting. She said the school district will discuss the issue that same day and possibly vote on it on Aug. 12.

That means a county version of the TIF could be introduced on September 5, with a possible final vote on October 17.

Commissioner Ron Heckman (council members are called commissioners) said it was “presumptuous” for a representative of County Executive Lamont G. McClure’s board to say when the council can vote.

Skyline Investment Group estimates the cost of one-bedroom apartments in Dixie at $1,900 per month. Based on federal estimates, that rent would require an annual income of at least $76,000.

Based on the estimated total cost, it would cost approximately $383,000 to build each apartment.

Skyline representatives say the potential cost of the renovation exceeds the estimated value, making the TIF essential to redeveloping the factory, which has been largely vacant for more than 40 years.

The TIF would take the form of a $29 million bond to be used for construction. The bond would be repaid through future tax revenues.

The council subsequently supported Lehigh University’s sale of $125 million in bonds.

Lehigh Treasurer David Hammer said $54 million of the debt will be used to retire existing bonds, and another $71 million will go toward improvements, including work on the University Center. The total cost of that project is $106 million. The center has been closed for a year and could reopen in the summer of 2025.

The bonds are sold through the county’s General Purpose Authority. The interest on the bonds is exempt from federal tax, meaning the university can sell debt at below-market rates.

Investors in a high tax bracket may prefer a tax-free bond with a lower rate than a taxable bond with a higher interest rate.

The debt is borne by Lehigh and is not an obligation of the government or the province.

The council also approved the McClure administration’s three-year contract with social service providers represented by the SEIU 668 union chapter. The new deal provides for 5% increases this year and in 2025 and 2026.

“It’s fair to the taxpayers and it’s fair to the workers,” McClure said of the contract.