Reedy Financial reports year‑end TIF balances, offers GIS parcel data for mapping

Brady Rogers of Reedy Financial Group presented the commission’s April report on March 5, reviewing the 2025 year‑end figures for the tax increment finance (TIF) fund (Fund 2218) and related allocation areas. Rogers said the reports list revenue streams, capital outlays, debt payments and year‑end balances, and indicated the commission had an approximately $300,000 increase in cash between the beginning and end of the year.

Rogers walked the commission through the financial plan pages, noting that the most recently updated month on the report reflects December activity and that projected figures are updated monthly. He explained lease rental revenue timing differences and how reimbursements, rent revenues and TIF collections are shown under total revenue with capital outlays and debt payments separated below. Rogers said appraisals and assessed values (AV) are reviewed annually and that any incremental AV increases drive additional TIF revenue; he said updated AV figures would be available next month after tax‑rate releases.

Rogers offered to upload the final report to Gateway and to provide a digital parcel list so the commission could ingest the allocation areas into GIS for color‑coding and mapping. Multiple commissioners asked for the parcel lists and for clarity on when updated AV numbers would be available; Rogers said he would get the financial plan loaded and provide the requested files and that the commission should expect clearer AV numbers next month after the tax‑rate release window.

No formal action was taken on the financial report at the meeting; staff indicated they will file the annual report with the town council before April 15 and upload supporting documents to Gateway as required.