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Council creates RDA special revenue fund and updates loan agreement to cover redevelopment projects
Summary
The Mesquite City Council approved a resolution creating a special revenue fund for Redevelopment Agency (RDA 2) receipts and ratified an updated loan agreement between the redevelopment district and the general fund to cover remaining redevelopment projects; staff said changes reflect project bid results and roll forward of encumbrances.
The council on Aug. 26 approved resolution R25-032 to create a special revenue fund (Fund 26) to account for new RDA 2 property‑tax receipts and to separate accounting from existing RDA 1 funds. Finance staff said the move is an accounting/administrative…
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