Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Community Development topic
No spam. Unsubscribe anytime.
Community Development Renewal Agency adopts FY2026 budget
Summary
The South Ogden Community Development Renewal Agency (CDRA) adopted its FY2026 budget (Resolution 25-01), which closely mirrors the prior year and includes projects such as the Yonge Mazda and City Center CRA areas; council amended the budget dates in the motion to the correct fiscal period.
During a recess into Community Development Renewal Agency business, finance staff presented the proposed CDRA FY2026 budget. The presenter said the budget largely mirrors last year’s plan, noted timing of tax-incentive expenses toward year-end, and called out the Yonge Mazda project area and the city center CRA as continuing multi-year efforts.
A board member asked about a balance line in the housing-authority fund reporting that combined totals for three projects read as $6.14 (million) and whether that number reflected an actual fund balance; staff clarified it was a consolidation of current-year revenues for three projects and not the retained fund balance. A board member moved and the board adopted Resolution 25-01 with corrected fiscal-period dates (07/01/2025 through 06/30/2026).
Staff said they will continue to refine reports and provide fund-balance detail as requested.
