RDA payments drop in 2026; staff flag capital needs and future bonding
Wendy said the city's RDA contribution tied to the Alice Place project falls from $120,000 in 2025 to $60,000 in 2026 and stops in 2027. She also said debt-service reductions free some levy capacity, but future capital needs may require bonding.
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Administrator Wendy told the committee the city is entering the last year of an agreement supporting the Redevelopment Authority (RDA) related to the Alice Place project; payments of $120,000 in 2025 reduce to $60,000 in 2026 and cease in 2027, which will ease future budgets.
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