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Municipal advisor presents 2025 TIF report; Paget Commons bonds totaled $28.3 million
Summary
Nathan Fox of Krona Associates presented the RDC's required 2025 TIF report: Paget Commons was financed with $28.3 million in lease-revenue bonds, the RDC held about $19 million cash at year-end 2025 and faces roughly $5.6 million in near-term debt service obligations.
Nathan Fox, municipal advisor with Krona Associates, presented the Redevelopment Commission's required annual report on TIF activity for 2025 and explained key reporting deadlines the RDC must meet.
Fox outlined the calendar of filings and presentations: preparation before April 1, presentation to the fiscal body and upload to Gateway by April 15, a pass-through resolution by June 15, neutralizations by Aug. 1 and the RDC…
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