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Finance committee questions timing, fee purpose of TIF reimbursements to Thorpe and Klein
2844383 · April 2, 2025
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Summary
A member of the finance committee asked whether tax-increment financing reimbursements to Thorpe and Klein are administrative fees and how often payments are made; staff said reimbursements are issued quarterly and paid in advance.
A member of the finance committee asked whether tax-increment financing reimbursements to Thorpe and Klein were for administrative fees and whether the payments are staggered, and a staff member answered that the reimbursements "come quarterly and they come in advance."
The exchange…
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