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Committee signals consensus to move $1 million in riverfront contingency to Snyder Memorial Church; formal vote deferred to finance
Summary
At an Oct. 27 special committee meeting, members indicated consensus to repurpose $1 million from a riverfront development pad contingency account toward Snyder Memorial Church renovation incentives, but no formal vote was taken and final approval was deferred to the finance committee.
The special Committee on the Future of Downtown indicated informal consensus Oct. 27 to move $1 million from a riverfront development pad contingency account into an incentive pool for Snyder Memorial Church, but members stopped short of a formal vote and deferred a final action to the City Council’s finance committee.
A city staff summary presented to the committee said the funds are tax increment financing (TIF) dollars that were placed in a contingency account in the FY 2024–25 budget for Riverfront Plaza development. Staff said DIA has already identified $3.5 million intended for completion or…
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