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Danville redevelopment panel reviews TIF spending plan; invoices approved
Summary
The Danville Redevelopment Commission reviewed a state-required TIF annual spending plan that must be filed with the DLGF by Dec. 1 and approved two invoices; the record shows a motion to approve the spending plan but the final vote on that motion is not recorded in the transcript.
The Danville Redevelopment Commission reviewed its tax-increment financing (TIF) annual spending plan and approved two vendor invoices during its meeting.
Tim Foster of accounting firm Baker Tilly told the commission the spending plan is a state requirement that must be received and placed in council minutes and uploaded to the Department of Local Government Finance (DLGF) Gateway by Dec. 1. "The spending plan is requirement of state. It needs to be submitted before the council before December 1," Foster said. He added the plan does not require itemized line entries and that changes during the year can be reuploaded as a new PDF.
The plan, as presented, lists…
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