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EDA 2 allocation-area amendments approved to improve TIF performance
Summary
Resolution 2026-07-22E amending the St. John Economic Development Area 2 allocation area and plan was approved 3–1; the changes were described as pruning parcels that drag down TIF revenue.
The Redevelopment Commission approved Resolution 2026-07-22E to amend the St. John Economic Development Area 2 and its allocation area. The resolution was moved, seconded and carried by roll call 3–1.
During discussion a commissioner asked whether the changes were "all efficiency," and counsel affirmed the action was intended to remove parcels with negative increments so more TIF revenue remains available to the town. The motion carried with one dissent.
The commission then moved to reports and adjournment.
