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Danville RDC OKs $300,000 TIF transfer to cover public safety vehicle lease payments
Summary
The Redevelopment Commission approved transferring $300,000 in TIF funds to the town to cover lease payments and reimbursements for public safety vehicles tied to the 20 West project, split $150,000 for 2025 reimbursement and $150,000 for 2026 lease payments.
The Redevelopment Commission approved a $300,000 transfer of Tax Increment Financing (TIF) funds to the Town of Danville for public safety vehicle lease payments connected to the 20 West project. The commission recorded two transfers: $150,000 for reimbursement of previously paid expenses in 2025 and $150,000 for lease payments in 2026.
Chair presented the transfers and moved to approve. A motion to transfer the $300,000 was made and seconded; the commission approved the transfer by voice vote and the chair announced the motion carried. The transcript identifies the transfers and their intended uses but does not list individual voter names.
Commissioners said the funding supports public safety capacity, which they described as a factor in recruiting investment and improving the town’s readiness for development.
