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Mesquite RDA approves loan agreement with general fund to cover remaining redevelopment projects
Summary
The Redevelopment Agency approved a loan agreement to allow the redevelopment district to use general fund resources to pay for projects and encumber remaining redevelopment funds; staff said bid updates affected project allocations but the total available funding was unchanged.
The Mesquite Redevelopment Agency on March 18 approved a loan agreement between the redevelopment district and the city general fund that authorizes drawing on remaining redevelopment funds to pay for specific capital projects.
Nikki (city staff) told the board the loan package contains updated bid information and that while some project allocations changed as bids arrived, "the total's not different,"…
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