City clerk presents 2025 TIF management and year-end redevelopment report; billings expected through July

Beth, the city clerk and treasurer, presented the City of Washington’s 2025 tax-increment financing (TIF) management and year-end redevelopment report at a joint meeting of the Redevelopment Commission and Redevelopment Authority on Jan. 15, 2026. She summarized revenues, fund balances and recent line-item payments and told commissioners the report will be filed with state authorities.

The clerk highlighted a $290.40 charge billed to the treasurer of state related to the audit of the redevelopment authority, noting that the authority was audited separately when auditors reviewed the city. “They audited the redevelopment authority this year when they audited the city,” she said, adding that the charge reflected that separate audit. She also said the city is beginning to see revenue from the Cypress Point development and that amount should increase in coming years.

On project expenditures, Beth said billing for a current road project will likely continue through about July, with final sign-off on the work expected in late June to early July. “We’ll probably see bills coming in till about July. They’ll sign off on it sometime late June,” she said. She identified outstanding payments to engineering firms, including work remaining for Midwest Engineers and PS Engineering.

Beth told the commissions she would submit the annual report to the state through the state’s gateway system and asked that the presentation be noted in the minutes. “Submit it on the gateway,” she said. Commissioners did not request further action; the presentation was provided as information rather than a matter requiring a motion.

The presentation concluded with brief discussion about increased paperwork tied to the report and a note of appreciation from commissioners for the clerk’s work. The commission recorded the presentation in the meeting minutes and no formal vote on the report itself was taken at the meeting.