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Council reviews Forum Plaza CID budget; $4 million reimbursement balance remains
5212113 · June 17, 2025
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Summary
City staff reviewed the Forum Plaza Community Improvement District budget and payment schedule: developers were reimbursed for part of a $14 million redevelopment with CID-backed repayments, and the outstanding balance on the developer note was reported.
City staff presented the annual budget submission from the Forum Plaza Community Improvement District (CID) for council review, as required by state law.
Staff outlined the CID’s history: the redevelopment began around 2017, the CID reimbursed developers up to a $4 million cap as part of a…
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