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Seguin EDC budget amended to cover debt payments and grow incentive fund
Summary
The Seguin Economic Development Corporation board recommended and council approved an amendment transferring fund-balance amounts to cover two debt-service payments and to increase the EDC incentive/infrastructure fund; staff summarized the transfers and policy basis.
Council approved an amendment to the Fiscal Year 2025 Seguin Economic Development Corporation (EDC) budget, following a board resolution recommending transfers from EDC fund balance to cover debt service and to increase the incentive/infrastructure fund.
Josh told the council the EDC board approved the amendment at its March 18 meeting.…
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