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Council adopts DDA resolution pledging tax-increment revenues to back streetscape bonds
Summary
Jonesville council adopted Resolution 2025-21, pledging downtown tax-increment revenues and requesting the city issue bonds to be repaid by the DDA; the resolution notes streetscape costs incurred before bond issuance would be reimbursed in 2026.
The Jonesville City Council voted to accept Resolution 2025-21, which pledges tax-increment revenues and requests that the city issue bonds to be repaid by the Downtown Development Authority to fund streetscape work.
Councilmember Brenda Guyse moved to accept the resolution and George Humphries Jr. seconded. The resolution, prepared by the city’s bond counsel and approved by the DDA on Sept. 10, 2025, passed with all council members voting in favor.
The resolution explicitly recognizes that streetscape costs incurred before the issuance of bonds would be reimbursed to the city from bond proceeds in 2026. The minutes do not include bond terms, issuance schedule, or the proposed borrowing amount; those details were not provided at the Sept. 17 meeting.
Adoption of the resolution is a procedural step that enables the DDA and the city to move toward issuing bonds; future council actions and bond documents will be required to finalize financing and repayment terms.
