Crossville council approves sales tax increment finance resolution and budget amendments at special call

At a special called meeting the Crossville City Council approved a resolution to allow a sales tax increment finance and took several related budget actions, the chair said.

The chair introduced a resolution for a sales tax increment finance. Council members asked about the timeframe for relinquishing sales tax revenue; the chair said the application itself had no fixed timeframe, that current enabling legislation expires at the end of the year, and that the city would limit the increment to a maximum of 20 years or until the obligation is paid off.

A motion to approve the sales tax increment finance resolution was moved, seconded and approved by voice vote; the transcript records “aye” votes and no recorded opposition. Following that action, the council considered a staff-requested resolution to acknowledge a cost overrun required by the grant agency. Staff explained the grant-match assumptions and how the city’s application reflected a different local match than typical CDBG ratios; council approved the resolution.

Council also approved an ordinance amendment to the FY25/26 budget so the legislative text would reflect the budget amendment the council had just approved for the Greenway project. The consent agenda, including items listed as second readings, was approved by voice vote. With those actions complete the council moved to close the special call and proceed to the regular work session.

All motions in the transcript were approved by voice vote; the transcript does not name individual movers and seconders or provide numeric vote tallies.