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Council holds first reading of $2.25 million budget amendment tied to marketplace TIF grant
5070849 · June 25, 2025
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Summary
Finance staff presented the first reading of Ordinance 25-021 to increase the general fund by $2,250,000 to fund infrastructure and detention pond improvements under Section 8 of the TIF #13 development agreement with Ryan Companies; second reading scheduled July 8.
The council heard the first reading of Ordinance 25-021, which would amend the 2025 budget to increase general-fund expenditures by $2,250,000 to support infrastructure and detention-pond improvements associated with the marketplace development. Ashley Wrench, the…
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