TID 5 structured to support new business park and fire station; projections show initial deficits until development matures
TID 5 (created 2022, amended 2024) includes a new fire station and adjacent business park; consultants forecast initial negative fund balances as debt service begins, with positive cash flow expected once development generates incremental revenue (first revenue typically two years after construction).
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John Cameron said TID 5, created in 2022 and amended in 2024, anticipates up to $43,500,000 in incremental value over its life and includes both built residential subdivisions and planned commercial development to subsidize debt for the business park. Cameron noted that no incremental revenue was generated in 2025 because the district had not yet produced taxable improvements but that debt service began in 2025 and projections show the district moving into positive fund balance after development produces taxable value (with a typical two-year lag between construction and tax increment receipt).
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