Resolution authorizing the use of a preliminary official statement in connection to the sale…
Recorded in the minutes as “Resolution authorizing the use of a preliminary official statement in connection to the sale of General Obligation Urban Renewal Refunding Bonds, Series 2026A and authorizing…”. Passed 5–0; Yes: Duer, Evans, McFadden, Mertz, Stewart. Amount in the record: $1,300,000.
What this means (Tax increment financing (TIF)): Within an urban renewal area, the extra property tax from rising values can be set aside for a period of years to pay for projects or incentives in that area, instead of going to the usual taxing bodies.
How each member voted
| Official | Vote |
|---|---|
| Scott Duer | Yes |
| Josh Dunwoody | Not in the record |
| Jerry Evans | Yes |
| Jayme McFadden | Yes |
| Julie Stewart | Yes |
More from the record
Recorded in the minutes as: “6. Resolution authorizing the use of a preliminary official statement in connection to the sale of General Obligation Urban Renewal Refunding Bonds, Series 2026A and authorizing certain parameters for the acceptance and approval of a Bond Purchase Agreement. Motion: Moved by Duer”. The minutes add: “Finance Director Andy Lent stated Council has approved staff moving forward with the refinancing of the 2016C Bond Series to obtain a better interest rate that will approximately save $1.3 Million over ten years. As part of the bond issue process a Preliminary Official Statement must be approved by Council. The new debt service will be known as the 2026A Series.”
Motion as recorded: “Moved by Duer”.
Source Full minutes for the whole Jan 19, 2026 meeting, p. 1 (saved copy) · All votes at this meeting