Council approves RDC finding that it has no excess TIF revenues (Resolution 2026-12)
Mr. Taylor told the council the RDC has committed TIF revenues to projects (water, Nucor Bridge, timber) and has determined it has no excess assessed value to pass back; the council approved Resolution 2026-12 (action required by June 15).
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The council considered Resolution 2026-12, an annual action in which the Redevelopment Commission reviews tax-increment (TIF) revenues and determines whether it has excess assessed value (AV) to return to the taxing districts. Mr. Taylor explained the RDC has several active projects'including a water project, the Nucor Bridge project and timber-related work'and has committed revenues to bonds or planned expenditures, so it found no excess AV to pass back.
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