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Madison Redevelopment Commission approves minutes, pays $689,449.47 in claims and elects 2025 officers
Summary
At its Jan. 14 meeting, the Madison City Redevelopment Commission approved minutes and claims totaling $689,449.47 and voted to carry the slate of officers for 2025; commissioners heard a brief financial update and were told a $49,000 late payment will appear in the spring settlement.
The Madison City Redevelopment Commission on Jan. 14 unanimously approved the Dec. 18 meeting minutes, authorized payment of claims totaling $689,449.47 and approved a motion to carry the slate of officers into 2025.
The approved claims were presented to commissioners as a package; commissioners voted to pay the full total. The meeting record shows the motions passed with all members saying “Aye.” The commission then approved a motion to carry the current slate of officers into 2025; David made the motion to carry the slate and a second was recorded. The motion passed on a voice vote.
Commission staff provided a brief financial report noting limited activity in January; most claims were bond payments tied to the commission’s existing debt instruments. Staff also said Reedy Financial identified an approximately $49,000 payment that arrived after the settlement date for the northwest allocation area; that amount will be included in the spring 2025 settlement.
No other formal actions were taken during the portion of the meeting that covered administrative items and the financial report.
Commissioners adjourned after asking and answering procedural questions and hearing a preview of the longer strategic update scheduled on the agenda later in the meeting.
