Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Commission hears Reedy Financial report; arbitrage analysis finds no payment due now
Summary
Reedy Financial presented the commission's consolidated cash flows and an arbitrage rebate computation for 2022 bonds. Staff reported March ending TIF balances and that the 2022 arbitrage computation shows no rebatable arbitrage; trustees and federal rules mean future calculations may be required.
The commission received its monthly financial briefing from Reedy Financial followed by an arbitrage rebate presentation addressing compliance for the 2022 lease-rental redevelopment authority bond.
A Reedy Financial representative reported that the consolidated ending cash balance for March across TIF funds was $6,118,188 and that the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
