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EURA draft budget lists payments for Eagle Gateway, Cody Corner and other projects
Summary
The draft FY2026 budget presented Aug. 5 lists project payouts and rollovers, including a potential $1,014,245 payout for Cody Corner, expected payments to Pacific companies for Eagle Gateway, $427,182 for the SDV LLC Parkinson project, and a $950,000 rollover for the old park extension.
Staff outlined project‑level expenditures proposed for FY2026, identifying amounts the agency expects to pay or carry forward.
Ashley, presenting project line items, said Pacific companies' Eagle Gateway project was taxed at only about $16,000 last year because it was mid‑project and would be assessed at a higher amount going forward; she included a conservative $1,000 increment placeholder in case more increment is payable. She noted the Eagle State Street sidewalks and streetscape project has $1,000,000 currently shown in FY2025 and that after the anticipated first payment the carryover would be about $472,581.
Ashley listed specific project figures included in the draft: Cody Corner (MJV Properties) anticipated payout of $1,014,245 in FY2026; SDV LLC Parkinson project $427,182; MJB Properties (Cadenza Court) $253,280 carried forward; Sean Nicoll project $268,894 rolled into FY2026; a façade improvement program allocation of $75,000; and an old park extension rolled to FY2026 at $950,000. Board members asked follow‑up questions about timing, whether invoices would arrive after October for some projects and the potential need for time extensions from developers.
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