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Council reviews monthly bills; TIF payment noted as fund directed to schools
Summary
Council reviewed bills for May including a TIF payment; members clarified the TIF allocation goes to local schools and other payments include amounts to U.S. Bank for assessments.
At the May 14 meeting the Orange Village Council discussed bills to be paid for May totaling $343,921.65 and initial April expenses totaling $2,360,903.73. During that discussion a council member asked whether the TIF payment included in the bills goes entirely to the schools.
Mayor Judson A. Klein responded the TIF funds are allocated to the schools. Klein and council members also noted a significant payment to U.S. Bank in the bills; the transcript indicates the amount covers debt assessments held by U.S. Bank.
There were no audience comments on the bills; council moved on to other agenda items after roll call approval of the bills was completed.
