6. Interlocal Agreement – Urban Core Redevelopment Revenue Bond, Series 2017. On

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

This item concerns an interlocal agreement related to the Urban Core Redevelopment Revenue Bond, Series 2017. The agreement outlines how the Community Redevelopment Agency will repay the City for any advances made to cover bond payments if tax increment revenues are insufficient. This agreement is currently under review. The scope of work involves financial and legal services to manage and potentially adjust the terms of the bond repayment structure. This includes reviewing financial records, ensuring compliance with existing resolutions, and potentially drafting amendments. Local businesses specializing in legal services and financial consulting could find opportunities in assisting with the review and potential modification of this agreement. Engaging early allows for input before final decisions are made.