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Board reviews special funds: $20,000 for business start-up, $221,000 TIF, $70,000 hotel/motel
Summary
Officials reviewed proposed special-fund allocations including $20,000 from the Business Development District to attract a new business, a TIF budget of $221,000, and a Hotel/Motel budget of $70,000; items will return for board approval.
During the April 28 budget meeting, Greg Ummel presented proposed allocations from special funds: $20,000 from the Business Development District intended to help start a new business in town; a Tax Increment Financing (TIF) budget of $221,000; and a Hotel/Motel fund budget of $70,000. "Business Development District-$20,000 to start a new business in town. TIF-Budget $221,000 Hotel/Motel Budget-$70,000," the meeting record states.
These special-fund proposals were presented as draft allocations and were not adopted at the meeting; any use of these funds will require formal action by the board at a subsequent session. The proposals will be discussed again at the April 30, 2026 budget meeting.
