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RDC gets quarterly TIF and financial update from Reedy Financial; North Kinser Pike allocation set to expire in 2026
Summary
The Bloomington Redevelopment Commission reviewed a quarterly financial summary from Reedy Financial Group covering TIF cash, claims and outstanding bonds through March 2025 and discussed expiration and use of several allocation-area balances.
The Bloomington Redevelopment Commission received a quarter-end financial briefing on June 2 summarizing TIF revenues, project claims and outstanding debt through March 2025 prepared by Reedy Financial Group.
The treasurer’s presentation showed the city’s Community Development Block Grant allocation at $778,293 for the current program year (down modestly from the prior year), outlined TIF cash balances and capital outlays, and listed outstanding RDC debt tied to several parking garages and other projects. Staff reported the North Kinser Pike allocation area expires in 2026 and that the commission will need to plan eligible public…
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