Staff presents unofficial parcel inventory and presses for regular financial reporting

Staff presented an unofficial financial report on redevelopment authority–owned parcels, describing an interactive map of parcels and noting an "unofficial total" for parcel acquisitions of about $776,000 covering balances from 2022 through 2025.

Taylor said the interactive map allows staff and members to click each parcel to see size and any plans associated with it. Staff also explained that maintenance of vacant parcels is funded through the redevelopment authority’s budget and noted an allocation for property maintenance on the agenda; staff said the maintenance line in the CIP was listed as $30,000 and that between city and authority funds roughly $60,000 is used annually to mow and maintain lots until they are developed or transferred.

Several members pressed for more regular, formal financial reports. Members said staff had requested information multiple times from the finance department with limited success, and staff noted the city is implementing a new finance system with a projected rollout in January 2027; in the interim, staff asked the finance department to provide more formal reports on a bi-monthly basis to the authority.

After discussion, the authority voted to receive the financial report in the file. Staff said they will follow up with the finance department and provide clearer, periodic reporting on budgets, parcel maintenance costs and progress toward placing lots into productive use.