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Timnath boards approve cooperation agreements to concentrate 2026 mill levy revenue in GID
Summary
The Timnath Development Authority and the Timnath Landings General Improvement District voted unanimously Oct. 28 to let the GID collect 100% of a proposed 2026 mill levy to fund debt service, with staff estimating a roughly $274,000 share-back to the TDA for 2026.
The Timnath Development Authority and the Timnath Landings General Improvement District voted unanimously Oct. 28 to adopt cooperation agreements under which the GID would receive 100% of a proposed 2026 mill levy and use the revenue for debt service. Town staff told board members the arrangement mirrors prior revenue-sharing approaches used with metro districts inside the TDA.
Miss Gagliardi, speaking for town staff at the TDA meeting, said the agreement “allows the GID to essentially collect 100 of the proposed mill levy that will be issued in…
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