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City council approves $49,000 TIF reimbursement to RCL Development
Seminole Municipal Authority / City Council (special meeting) · April 22, 2026
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Summary
The Seminole City Council approved payment of a $49,000 invoice to RCL Development from Tax Increment Finance District No. 2 proceeds to reimburse eligible infrastructure work; staff noted limited collections so far and that payments are permitted under the TIF plan.
The Seminole City Council voted to approve payment of a $49,000 invoice from RCL Development to be paid from proceeds in Tax Increment Finance (TIF) District No. 2.
City staff explained the TIF plan reimburses developers for eligible infrastructure costs (streets, sewer, water, electric)…
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