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St. John Redevelopment Commission confirms EDA 4 and pledges TIF revenues for housing bonds

2145078 · January 24, 2025
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Summary

The St. John Redevelopment Commission on Jan. 22 confirmed a prior declaratory resolution establishing Economic Development Area 4 and approved a pledge of tax-increment revenues to support economic development revenue bonds for housing projects; motions passed unanimously.

The Town of St. John Redevelopment Commission on Jan. 22 confirmed a declaratory resolution establishing the St. John Economic Development Area 4 and approved pledging tax-increment revenues to repay economic development revenue bonds for housing projects, with all motions passing unanimously.

The commission opened a public hearing on Resolution 2025-0122A, which confirms the earlier declaratory resolution for Economic Development Area 4, and received no public comment before closing the hearing and voting to…

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