Tax Increment Finance Authority

APPROVED 06/23/2021 TAX INCREMENT FINANCE AUTHORITY MINUTES May 26, 2021 THE MEETING OF THE TAX INCREMENT FINANCE AUTHORITY WAS CALLED TO ORDER AT 7:00 P.M., ON WEDNESDAY, MAY 26, 2021, BY MEMBER LAFORE Present: Garant, LaFore, Weinert, Yelencich Absent: Ball, Reindell, Ruff Others: Director Moore, Deputy Clerk Focht Visitors: None Motion by Garant, supported by Weinert, excuse Members Ball, Reindel, and Ruff. All yeas Motion carried APPROVAL OF MINUTES Motion by Weinert, supported by Garant, to approve the minutes from March 24, 2021. All yeas Motion carried APPROVAL OF BILLS Motion by Garant, supported by Weinert, to approve the Payroll Expenses for April 1st through April 22nd, 2021 in the amount of $ 5,308.33 All yeas Motion carried Motion by Garant, supported by Weinert, to approve the Payroll Expenses for April 23rd through May 19th, 2021, in the amount of $ 2,376.80 All yeas Motion carried Motion by Garant, supported by Weinert, to approve the Schedule of Bills dated March 16th, through April 15th, 2021 in the amount of $ 4,829.70 All yeas Motion carried Page 1 of 3 TIFA: 05/26/2021  APPROVED 06/23/2021 Motion by Garant, supported by Weinert, to approve the Schedule of Bills dated April 16th, through May 17th, 2021, in the amount of $ 25,675.84 All yeas Motion carried PUBLIC COMMENTS None ADOPTION OF AGENDA CORRESPONDENCE Revenue and Expense Report for March 2021 Revenue and Expense Report for April 2021 City Council Meeting Minutes of March 15, 2021 City Council Meeting Minutes of April 5, 2021 City Council Budget Minutes of April 19, 2021 City Council Budget Workshop Meeting Minutes of April 26, 2021 City Council Budget Workshop Meeting Minutes of May 3, 2021 City Council Meeting Minutes of May 3, 2021 ITEMS FOR CONSIDERATION 0. Consideration of FY2021-22 TIFA Budget Motion by Garant, supported by Yelencich, to approve the FY2021/2022 TIFA Budget. All yeas Motion carried 1. Consideration of TIFA Tax Base Sharing Agreement Motion by Garant, supported by Weinert, to approve the Captured Assessed Value Sharing Agreement between the City of Richmond TIFA and the City of Richmond for Fiscal Year 2021/22 and authorize the TIFA Director to sign the agreement. All yeas Motion carried Motion by Weinert, supported by Yelencich, to adopt TIFA Resolution 2021-1 which Dedicates the $165,894 in surplus funds against future projects. All yeas Motion carried Page 2 of 3 TIFA: 05/26/2021  APPROVED 06/23/2021 MISCELLANEOUS MATTER FROM THE DIRECTOR Howard Street will be paved tomorrow. Memorial Day parade will be Monday and travel South from Washington to the Veteran’s Park. There are not enough workers for Camp Richmond. The City is hoping that there will be enough life guards from the class we are holding. June 19th is the tentative date for opening the pool. CHAIRMAN AND AUTHORITY MEMBERS Member Weinert mentioned a business in the downtown using our bench for advertising. It was brought to the owner’s attention and removed. The City might see about getting the benches cleaned. ADJOURNMENT Motion by Garant, supported by Yelencich, to adjourn the Tax Increment Finance Authority meeting at 7:31 p.m. All yeas Motion carried Respectfully Submitted: Rebecca L. Focht Deputy Clerk Page 3 of 3 TIFA: 05/26/2021