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Tupelo council approves $2.35 million TILF transfer for Tupelo Commons, returns insurance funds to police vehicle budget
Summary
The City Council approved a budget amendment moving $2,350,000 into a capital TILF fund for Tupelo Commons, reallocating $61,000 from the tax-increment debt fund for issuance costs and returning an $11,225 insurance reimbursement to the police vehicle replacement budget.
The City of Tupelo City Council approved a budget amendment that increases the capital TILF fund by $2,350,000 for the Tupelo Commons project, moves $61,000 from the tax-increment debt fund for cost-of-issuance expenses, and returns an $11,225 insurance reimbursement to the police vehicle replacement budget.
The amendment was summarized at the meeting by Kim (staff member). "The budget amendment…
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