2. Interlocal Agreement - Main Street Wastewater Treatment Plant. On June 26, 2009, the

Community Redevelopment Agency Meeting · 2026-05-11 · agenda_item

This item concerns an Interlocal Agreement for the Main Street Wastewater Treatment Plant. The City and the Community Redevelopment Agency previously agreed the Agency would pay $19.5 million for the plant's relocation. This obligation was recorded in 2012. Annual payments of $1.3 million started in 2013 and will continue through 2027. These payments are funded by Tax Increment Revenues from the Urban Core Redevelopment Area. The agreement is currently in the payment phase, with annual installments continuing. This project involves ongoing financial obligations and reimbursements between the City and the Agency. Local businesses involved in financial services, accounting, and legal services may find opportunities related to managing these interlocal agreements and tax increment revenues. Early engagement with the involved agencies could provide insight into the financial management and reporting aspects of this long-term agreement.

total payment towards relocation

19.5 million dollars

annual installment

1.3 million dollars

payment for year ended September 30, 2025

1,300,000