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The agency approved its FY 2024-2025 annual report, which reported $789,905 in tax increment financing and approximately $1.6 million committed to the Ellis Road widening project.
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The report says redevelopment funds are limited to projects such as Ellis Road stormwater drainage, sewer improvements, and street lighting. Potential future projects include a retention pond and park, additional sewer and lighting work, and continued support for the Ellis Road project. Staff also plans to discuss renegotiating the redevelopment agreement and may seek an extension.
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