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Redevelopment commission approves $10,000 payment to Reedy; reviews updated TIF budgets and abatements
Summary
The Kosciusko County Redevelopment Commission reviewed updated budgets for five county TIF districts, discussed TIF neutralization work by Reedy (3d Financial) and approved a $10,000 payment to Reedy split evenly across the five TIFs. Commissioners also noted recent tax abatements affecting TIF areas.
Alyssa, county staff responsible for TIF budgets, presented updated budgets for the five county TIF areas and noted the figures were updated after a settlement disbursement. "If you look in your book, all of your items in your book are newly updated since the settlement disbursement," Alyssa said, and cited a 30 West TIF balance in the meeting materials.
Alyssa explained the county has engaged Reedy (referred to in the meeting as 3d Financial or Reedy) to perform TIF neutralizations and to serve as a financial adviser. She said the total engagement is…
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