Meeting: Jasper Redevelopment Commission

The Jasper Redevelopment Commission met Tuesday and:

• Approved paying a $3,540 invoice from Umbaugh & Associates regarding the city’s required tax increment financing district reporting.

• Per a new state law, established the May commission meeting as the annual reporting meeting during which the commission will present financial information to local taxing bodies. A budget for the tax increment revenues the commission receives from the two TIF districts will be reported, as will a long-term plan for each TIF area and the tax impact of each TIF area. Also approved the retaining of Umbaugh & Associates to help the city with its annual tax increment revenues budgeting.

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