Redevelopment staff reports $121,373 special state distribution and $30,000 legal payment tied to Mammoth solar project

At a meeting of the Pulaski County Redevelopment Commission, staff reviewed recent finances, explaining how a special state income‑tax distribution and several operational payments affect the county’s redevelopment accounts.

Staff said the current special distribution totaled about $121,373, "which is equivalent to approximately 83% of the normal monthly distribution." That amount was described as a timing-driven redistribution of income-tax receipts and was recorded to fund 1112 (economic development income tax). Staff emphasized the amount is not yet appropriated and would require future action to move into specific department budgets.

Staff also reported a $30,000 professional‑services payment to law firm Riley and Ailor for county attorney work on agreements related to the Mammoth solar project. The payment came out of the professional services line and, according to staff, will be reimbursed by the developer when the county receives the developer’s check.

Other operational notes included a slowdown in the revolving loan fund—now down to one active borrower—and an unusual loss in the donation fund driven by invoice timing and withdrawn applications; the Economic Development Commission recommended, and commissioners adopted, a revised fee schedule for the revolving loan fund to avoid such losses going forward.

The commission did not vote on budget items at the meeting; staff outlined a draft redevelopment commission budget that includes roughly $49,045 in normal costs and a proposed $100,000 line for a pilot facade program to be considered by the county commissioners. The meeting adjourned after a motion and second; no formal vote on the program or budget occurred at this session.