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CRA signals more micro-TIF actions as staff compiles project list
Summary
CRA staff told the authority it expects to return soon with multiple micro-TIF note actions, saying roughly 10 projects are nearing completion and about five remain in earlier stages following statutory changes.
CRA staff alerted the authority that, following recent legislative changes to micro-TIF processes, the CRA expects to consider additional micro-TIF note actions soon. Staff said about 10 projects are on a near-final list and roughly five others remain in earlier stages of review, and that the authority may convene again in the next month to address those items.
Staff described changes in statute and financing options that have affected earlier micro-TIF projects and said staff is preparing a spreadsheet and materials to share with the CRA for follow-up meetings. No formal action was taken at this meeting; staff will return with specific project materials when available.
