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Council accepts 2025 TIF annual report required by DLGS
Summary
Staff presented the 2025 Tax Increment Financing (TIF) annual report and council voted to accept it so the clerk‑treasurer can upload the materials to the state DLGS portal; staff said both redevelopment boards had already approved the report.
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Staff member (speaker 9) told the council the 2025 TIF annual redevelopment authority report — including financial statements and summaries — is due to the Department of Local Government Services (DLGS) in April and that both the redevelopment commission and redevelopment authority had already accepted the package. He said the clerk‑treasurer's office needs council acceptance to submit the file.
A motion to approve the 2025 TIF annual report was made and seconded. Council voted in favor without recorded opposition.
The acceptance allows the clerk‑treasurer to upload the TIF report to the DLGS portal as required by state reporting deadlines.
