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Commission reviews TIF balances, cash flow and several major projects including $30 million wastewater estimate
Summary
The redevelopment commission reviewed May, June and July financial reports and a consolidated cash-flow projection showing current TIF balances and a list of projects under consideration.
The redevelopment commission reviewed May, June and July financial reports and a consolidated cash-flow projection showing current TIF balances and a list of projects under consideration.
Christopher (finance staff) summarized the reports: the estimated cash balance for the integrated TIF at May was about $3.8 million and $873,000 for the US 31 TIF. He said June disbursements included $3,254,666, an amount higher than the previous year largely because two significant properties that had not paid in the prior year had paid and incurred penalties. Christopher…
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