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Richfield Council decertifies multiple TIF districts and awards $6.16M sales‑tax bond for park and nature‑center work
Summary
The council voted to decertify several tax‑increment financing districts that reached statutory limits and awarded a $6,160,000 general obligation sales‑tax revenue bond (Series 2025A) to finance Veterans Park and Woodlake Nature Center projects after Ehlers reported a low bid and an AA+ S&P rating.
On Nov. 25 the Richfield City Council acted on multiple finance items in a single meeting: the council approved decertification resolutions for several tax increment financing (TIF) districts and adopted a resolution awarding the sale of $6,160,000 in general obligation sales‑tax revenue bonds (Series 2025A) to fund local sales‑tax projects.
Staff and HRA representativ…
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