Redevelopment Commission readies spending as funds accumulate
Staff said the Redevelopment Commission's revenue has grown and the commission is beginning to consider viable projects as its budget has reached roughly $200,000 with prior-year revenues over $250,000.
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Town staff told the council the town's Redevelopment Commission (RDC) has accrued funds and is preparing to start spending on projects. "For the first couple years that I redevelopment, we just sort of waited and collected and now they're getting ready to start some action," the presenter said, noting budgeted RDC spending around $200,000 and prior revenue exceeding $250,000.
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