7. Interlocal Agreement – Urban Core Redevelopment Refunding and Improvement Revenue

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

This item concerns an interlocal agreement related to the Urban Core Redevelopment Refunding and Improvement Revenue Bond, Series 2019. The agreement outlines how the Community Redevelopment Agency will repay the City for any non-ad valorem revenues the City advances if tax increment revenues are not enough to cover the 2019 bond payments. This repayment obligation is subordinate to payments for the 2017 Urban Core Bond and the 2019 Urban Core Bond. The agreement is currently under review by the Community Redevelopment Agency. This item does not describe a construction project, but rather a financial agreement. Therefore, there is no direct construction work or supply opportunity associated with this agenda item at this time. Businesses interested in future redevelopment opportunities should monitor future actions by the Community Redevelopment Agency.