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Redevelopment Commission votes to capture 100% of TIF for 2027
Summary
The commission determined there is no overlapping excess assessment and approved a motion to capture 100% of tax-increment financing proceeds for 2027, enabling redevelopment funds to be retained in the project area.
The Redevelopment Commission voted to capture 100% of available tax-increment financing (TIF) for 2027 after staff said there is no excess assessment attributable to overlapping taxing units.
The chair moved to capture 100% for 2027; a motion and second were made and the commission approved the measure by voice vote.
Staff advised that the capture decision preserves project revenues for redevelopment activities in the district. No members of the public spoke during the meeting.
