Commission approves claims, receives March financial update; April reporting to be uploaded to Gateway by April 15

The commission approved claims totaling $11,420 and received the monthly financial update, during which staff walked commissioners through year‑end TIF fund balances, revenues and expenditures and the April reporting requirements that must be submitted to Gateway and city council.

During the financial update staff said total balances across the TIF funds were approximately $1,120,000, with about $113,000 in revenue recorded so far for the reporting period and roughly $701,000 in expenses. Staff said the packet includes pages (6–12) showing each individual TIF fund’s 2024 ending revenues, expenditures and balances, a debt overview on page 13 showing expected and paid debt amounts, and a parcel list later in the packet.

Staff noted they had added a new page that outlines all 2025 reporting requirements for fiscal year 2024 and said the April requirement shown at the top of that page was being handled at the meeting. Staff said the full April reporting document will be uploaded to Gateway and given to city council no later than April 15. The transcript records an approval of the April reporting requirement document.

On other procedural items staff said there are routine materials that will continue to appear in monthly updates and that the commission can request parcel‑by‑parcel detail during neutralizations and partial evaluations; staff also reminded commissioners the “decrement” process is done on a recurring schedule (staff said it is done every other year) and that further reviews would be scheduled as commissioners request them.

No named roll‑call vote was recorded for the claims approval in the transcript; a commissioner moved to approve the claims and a second was recorded, and the meeting proceeded to the next agenda item after the procedural question of “All those in favor?”