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Redevelopment officials review Westside TIF cash flow, approve $756,416.55 in claims
Summary
Officials reviewed the Westside TIF cash position, discussed bond-reserve investment options and approved a batch of claims and bond payments totaling $756,416.55.
Officials reviewing Westside TIF finances reported the district began the year with about $347,326.39, received a spring settlement of $1,088,702.36 and currently show a cash balance—after claims on today’s agenda—of $267,408.49. Staff said an additional fall settlement is estimated at $1,308,398, and expected payments this year include a roughly $163,000 STEM payment and two bond payments expected after the fall settlement.
The presentation, given by county staff, said this year was expected to be a low year for the Westside TIF and described steps taken in spring to adjust payments.…
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