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Votes and actions at a glance: TERS 3 board meeting, July 9, 2026

TERS Board 3 (Tax Increment Reinvestment Zone) · July 9, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Key formal action: board approved the FY26–27 TERS 3 budget (item 3.1) with a motion by Commissioner Kolar, second by Commissioner Morris, and a recorded vote of 3–0. Staff to follow up on legal and valuation questions.

The TERS 3 board’s principal formal action at its July 9 meeting was the approval of the FY2026–27 proposed budget for TERS 3 (agenda item 3.1). The motion to approve was recorded as moved by Commissioner Kolar and seconded by Commissioner Morris; the clerk called the vote and noted the motion passed 3–0.

Follow-up items recorded by staff include contacting legal counsel (Dottie) to answer outstanding questions about abatement mechanics and any possible retroactivity, circulating those answers to board members, and monitoring certified property values arriving on July 25 to determine whether budget amendments are required. No other formal ordinances, resolutions, or appointments were taken during this meeting.