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Franklin RDC approves a package of 2025 appropriations and reviews December financials
Summary
At its January meeting the Franklin Redevelopment Commission approved a series of 2025 appropriations covering utilities, professional services, bond and lease payments, and several road projects; staff also presented December 2024 financials showing lower-than-expected property tax receipts and a cash-flow review planned.
The Franklin Redevelopment Commission unanimously approved a package of resolutions at its January meeting that appropriate funds for several 2025 expenses and carryovers, and received the December 2024 financial report.
Resolutions approved included: Resolution 2025-01 (utilities and maintenance appropriations), 2025-02 ($50,000 for financial, legal and professional services), 2025-03 ($1,353,000 for tax-increment bond payments), 2025-04 ($590,000 for lease rental revenue bond payments tied to the US 31 project), 2025-05 ($1,425,000 for Graham Road and Paul Hand Boulevard roundabout expenses using funds received from Johnson County and Whiteland), 2025-06…
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