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Redevelopment commission accepts annual TIF reports for eight allocation areas
Summary
Consultant Greg Garritos of FSG Corp. presented eight tax‑increment financing (TIF) reports; the commission approved the reports and asked for a wording change to note that redevelopment commission members (not elected officials) are paid for meeting attendance.
Greg Garritos of FSG Corp. presented annual tax‑increment financing reports covering eight allocation areas and the Crown Point Redevelopment Commission voted to approve the reports.
Garritos said the cover letters for each report state his opinion that there is no excess captured assessed value for taxes payable in 2027 and that captured assessed value will be used within each allocation area to pay debts or make infrastructure improvements. "One of them that I will point out on all eight reports is in the cover letter…
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