Committee approves final TIF One audit contract as closing payouts completed
Staff reported grant payouts for two development agreements as TIF One closed; the committee approved a $5,210 contract with Hawkins for the required final TIF audit and discussed distributing returned TIF funds to capital rather than operations.
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Staff told the committee that, with the closing of TIF One, grant payouts tied to developer agreements for projects described in the packet (identified in the transcript as "Tommy docks" and "Oak River") were paid based on tax increment received. Jessica said the closing prompted a large figure in the report because the remaining development payouts were disbursed this year.
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