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Downtown TIF advisory committee reviews account balances, asks to repost application deadlines
Summary
Committee member Bryan Belliveau reported Downtown TIF account figures and compared investments to 2017 renewal projections, noted March tax-cycle receipts due soon, and asked that the committee repost application due dates on the website; the next TIF meeting was set for May 4 at 4:00 p.m.
At the April 10 meeting, committee member Bryan Belliveau reviewed current Downtown TIF account figures as recorded in the minutes and compared recent investments to projections from the 2017 TIF renewal.
The minutes record figures in the accounting update but format them ambiguously: the text lists '235, 429' and '158,608' and states a Downtown TIF reserve balance of '76,821.' The minutes do not clarify comma placement or currency formatting; this summary reports the figures exactly as recorded in the committee minutes and notes that March tax-cycle receipts were expected to increase available balances.
Belliveau asked that the committee repost application deadlines for TIF applications on the town website, saying the dates were missing from the site. The committee set the next Downtown TIF meeting for May 4 at 4:00 p.m.
No formal vote or action was recorded on budget policy or reallocation at this meeting; the accounting update was informational and for committee review.
