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Redevelopment Commission approves claims including $404,500 pool bond payment
Summary
On July 7 the Commission approved claims for three bond-related payments — River Center bonds $201,813.97, KFAM Partners payment $40,067.94, and the outdoor pool lease rental bond payment $404,500 — by unanimous voice vote after a motion from Secretary John Colley.
The Jasper Redevelopment Commission voted July 7 to approve three claims for upcoming bond and project payments.
Staff listed the claims: $201,813.97 for economic development incremental revenue bonds for the River Center; $40,067.94 payable to KFAM Partners under the University Heights TIF agreement; and a $404,500 lease rental bond payment for the outdoor pool. Staff noted the June collection just arrived and several payments are due July 15 or Aug. 1.
Secretary John Colley moved to approve all claims. A second was offered and the Commission voted in favor; the Chair called the motion carried. No member recorded opposition.
Why it matters: these claims are routine bond-service and conditional-disbursement payments that reduce outstanding obligations and affect the RDC’s near-term cash position.
