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Resident urges CRA to spend accumulated TIF funds, asks city to waive Gateway 7 extra millage
Summary
At a short CRA meeting, resident Dennis Conklin urged the Community Redevelopment Agency to deploy tax increment financing (TIF) funds held in escrow and asked the city to zero out the Gateway 7 extra millage; the CRA approved consent items including the item Conklin pulled.
Dennis Conklin, a resident at 4581 Northwest Sixth Court, told the Community Redevelopment Agency meeting that the agency's Comprehensive Annual Financial Report is available online and urged officials to use accumulated funds to spur development in the Gateway 7 area.
"It is available online to everybody... 29 hard copy pages. You can download it," Conklin said during public comment. He said the CRA's net assets total about $20,000,000, an escrow balance of $3,500,000 and that accrued interest for the year exceeded $1,100,000.
Conklin said the tax increment financing (TIF) for 2024 was $4,126,953 and that the Gateway 7 extra millage totaled $768,296. He asked the city to "zero out that extra millage for the Gateway 7" to give property owners relief, while urging the CRA to focus on economic development within the redevelopment area.
The CRA approved its consent agenda. Commissioners recorded affirmative roll-call votes on a motion to approve consent items 2 through 4, and later voted to approve item 1 after Conklin's comments; recorded votes were all "yes" by the commissioners present.
The meeting lasted about six minutes from the call to order to adjournment. No staff response to Conklin's request to reduce the Gateway 7 extra millage was recorded in the transcript, and the transcript does not show any formal direction to staff to change tax policy or to reallocate escrowed funds.
