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Redevelopment commission reviews financial plan, records $6,036,005.81 in consolidated TIF balances and approves April filing
Summary
Commissioners received a monthly financial update showing consolidated TIF balances of $6,036,005.81, approved the required April TIF reporting for submission on Gateway by April 15, and authorized $629,334.72 in claims; staff also noted a funding allocation for a learning center project reflected in the plan.
At its March 10 meeting, the Madison City Redevelopment Commission received a monthly financial update and approved required April reporting and claims.
Presenter (S4) reviewed the financial plan and reported consolidated balances across TIF funds of $6,036,005.81. The transcript also lists a monthly claims total of $629,334.72; Commissioner (S3) moved to approve the claims and the motion passed by voice vote.
Staff member (S2) reminded…
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