Resolution authorizing and approving a Loan Agreement, providing for issuance of $7,150,000…
Recorded in the minutes as “Resolution authorizing and approving a Loan Agreement, providing for issuance of $7,150,000 General Obligation Urban Renewal Bonds, Series 2026E and providing for the levy of…”. Passed 3–0; Yes: Duer, Evans, Stewart. Amount in the record: $7,150,000.
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 | Absent |
| Jerry Evans | Yes |
| Jayme McFadden | Absent |
| Julie Stewart | Yes |
More from the record
Recorded in the minutes as: “5. Resolution authorizing and approving a Loan Agreement, providing for issuance of $7,150,000 General Obligation Urban Renewal Bonds, Series 2026E and providing for the levy of taxes to pay the same. Motion: Moved by Duer”. The minutes add: “Finance Director Andy Lent stated this resolution approves the loan agreement for the Series 2026E Urban Renewal Bond Note of $7,150,000 to fund the FY27 CIP projects.”
Motion as recorded: “Moved by Duer”.
Source Full minutes for the whole Aug 3, 2026 meeting, p. 1 (saved copy) · All votes at this meeting