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Redevelopment staff reports TIF balances; Dreyfus debt marked satisfied
Summary
Redevelopment staff reported Tax Increment Financing (TIF) cash balances for several districts — 30 West, Van Buren/Maple Leaf, Mentone Co‑op and Truepoint — and noted the Dreyfus district debt was satisfied earlier in the year.
Redevelopment staff provided the board with annual Tax Increment Financing (TIF) cash balances and noted that the Dreyfus district debt had been satisfied earlier this year.
The speaker (identified in the transcript as Redevelopment/Alyssa Schmucker) reported the 30 West TIF had a cash balance of about $313,969.30; Van Buren/Maple Leaf TIF about $322,717.61; Mentone Co‑op TIF about $352,817.65; and the Truepoint TIF cash balance about $128,137.45 with an outstanding bond balance of roughly $913,000.99. The presenter said the Dreyfus debt was satisfied as of the first of the year.
The commissioners acknowledged receipt of the report and asked no follow-up questions in the meeting record. The transcript does not provide supporting exhibits or formal motion for action; it is a financial update on the redevelopment/TIF portfolio.
