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Benton County supervisors acknowledge annual urban renewal report, note area has no active projects or revenue
Summary
The Benton County Board of Supervisors accepted the county'''s annual urban renewal report for fiscal year 2024-25 and directed staff to continue required filings; officials said the named TIF area shows no activity or revenue and may need formal resolution to dissolve.
The Benton County Board of Supervisors voted to accept and acknowledge the county'''s annual urban renewal report for fiscal year 2024-25, a filing the board'''s staff said shows no tax-increment revenue or active projects.
County planning staff told the board the urban renewal area in question has no outstanding TIF revenue and no current projects, and that state reporting requirements mean the county must file a zero report annually unless the board adopts a resolution to end the district. "It's all zeros," the staff member said during the item.
The report relates to a small urban renewal area described by staff as overlapping a portion of the Commerce Village/Veranda area; staff said there are no planned capital projects that would produce tax-increment revenue. Planning staff said the county must continue the annual filing while the TIF remains established and that ending the district would require a separate resolution.
Board members moved to accept the report for fiscal year 2024-25. The chair called the vote and recorded three affirmative votes; the motion carried.
The acknowledgement does not create new spending or authorize projects. Staff said the item keeps the county in compliance with Department of Management reporting requirements and preserves options should the county later propose a new urban renewal project in the same area.
The board handled the item in a single vote; no public comments were recorded on the report.
