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Redevelopment commission adopts spending plan allocating funds for capital, professional services and workforce training
Summary
The Angola Redevelopment Commission voted Oct. 8 to adopt a spending plan for its redevelopment fund, listing target allocations (debt service, capital, professional services, police/fire capital, education and employee training) and designating remaining funds for projects described in the amended EDA.
The Angola Redevelopment Commission on Oct. 8 adopted a spending plan that lays out how the commission expects to use redevelopment revenues in the coming year, including targeted amounts for debt service, capital projects, consultant and professional costs, public-safety capital and workforce training.
Commissioners and staff reported a redevelopment fund balance of roughly $1.14 million and discussed how the DLGF-required spending plan need not lock the commission into a final expenditure schedule but must show anticipated use. Finance staff reported a…
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