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Commission hears TIF update: new North State Road 135 district recorded, $13.49M bond note due June 30
Summary
Commission staff reported that a newly recorded TIF for North State Road 135 has its base set but no incremental assessed value yet, and that a $13,490,000 2021 bond anticipation note will come due June 30; staff outlined plans to issue a competitive term sheet and seek a market refinancing by late May.
Commission staff presented the monthly TIF and bond update at the Greenwood Redevelopment Commission’s March 2026 meeting, reporting that a newly recorded TIF for North State Road 135 will not generate incremental revenues this year and that a 2021 central bond anticipation note with $13,490,000 principal comes due June 30.
Adam, a staff member presenting the financial report, said the Johnson County auditor’s office is preparing 2026 tax billings and that staff are reviewing deductions and credits from SEA 1 (2025). He said, “The…
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