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The Economic Development Authority approved its final 2026 tax levy and 2026 budget and work plan. Members also approved funding closeout for FDC, a blanket process for assignments and subordinations involving FDC-owned properties, and a commercial rehabilitation loan for 604 Central.
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The approved tax levy and budget set the EDA’s financial plan for 2026, though the minutes do not provide dollar amounts. The EDA also completed a Phase II funding closeout and authorized staff to handle property-related assignments and subordinations under a blanket approval. A Downtown Commercial Rehabilitation and Exterior Improvement Program loan for 604 Central was verified, and staff will revisit the program’s guidelines.
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