Commission amends 2022 sheriff-vehicle pledge, authorizes updated TIF allocation for remaining lease payments
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Summary
The commission approved a resolution updating the 2022 pledge for sheriff vehicle lease payments after staff discovered an escrow credit reduced this year’s payment to $33,308.46; the amended language lets staff select among higher-funded TIFs for the remaining annual payments.
The Delaware County Redevelopment Commission on June 12 adopted an amendment to a 2022 resolution to clarify funding for remaining sheriff vehicle lease payments and to reflect a reduced payment this year because of an escrow credit.
Staff reported that the 2022 pledge for sheriff vehicles had been programmed as equal payments from multiple TIFs but that invoice and VIP system records showed the payments were split across ten TIFs in prior years. Finance staff discovered an escrow credit applied to this year’s payment, leaving a remaining balance of $33,308.46.
Why it matters: The action clarifies which TIFs the commission can draw from for the final three payments and avoids forcing staff to pull the full amount from a single, low-balance TIF. Staff described maintaining flexibility to select from a list of higher-funded TIFs as payment years come due.
Board action and details: The resolution lists several higher-funded TIFs as options (named in staff materials) but retains language allowing selection without limitation depending on current balances and obligations. Staff reported an escrow balance of roughly $42,406 that had been applied as a credit. Commissioners voted unanimously to approve the amendment.
Next steps: Staff will draw the $33,308.46 payment and manage future payments from among the listed TIFs based on current balances and encumbrances; they will monitor incoming receipts (for example, Fountain Square) that may affect available balances.