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FHRA approves annual TIF resolution, finds no excess tax‑increment proceeds
Summary
The Fort Harrison Reuse Authority on June 15 approved Resolution 2026‑05, concluding there are no excess TIF proceeds to distribute; the board also approved routine minutes and heard an economic development update prepared with a Crowe analysis.
The Fort Harrison Reuse Authority approved Resolution 2026‑05 at its June 15, 2026 meeting, concluding that there are no excess tax‑increment financing (TIF) proceeds to distribute to other taxing districts.
The chair presented the resolution and noted that a TIF analysis prepared by the accounting firm Crowe accompanies the annual finding. "This resolution along with a TIF analysis prepared by Crowe is a yearly requirement of the FHRA," the chair said. A motion to adopt the resolution was made, seconded and approved with no opposition.
The board also approved the April 20, 2026 meeting minutes earlier in the session after a motion and second. No board members or members of the public raised comments or questions during the secretary‑treasurer's report, which noted that balance sheets were available and that interim field work for the 2025 audit is underway.
Why it matters: an annual TIF finding confirms whether tax‑increment revenues exceed obligations and must be returned to overlapping taxing districts; the FHRA recorded that, for the assessment year referenced in the resolution, revenues are needed for FHRA obligations and planned development.
Votes at a glance • April 20, 2026 meeting minutes — motion to accept: moved, seconded, approved (no opposition reported). • Resolution 2026‑05 (annual TIF finding) — motion to adopt: moved, seconded, approved (no opposition reported).
The authority set its next public meeting for July 20, 2026 at 5:30 p.m. and adjourned the June 15 meeting.
