May 12, 2026 – Policy Meeting

1 PUBLIC HEARING TO RECEIVE PUBLIC COMMENT ON THE CDRA FISCAL YEAR 2027 CDRA Final Budget BACKGROUND: The CDRA Board approved its tentative budget for Fiscal Year 2027 on May 12, 2026. A public hearing must be conducted to allow for public comment on the tentative budget.  RECOMMENDATION: Receive public comment. 

2 CONSIDER APPROVAL OF RESOLUTION 2026R-01 DISSOLVING RDA 8 AND ADDRESSING THE DISTRIBUTION OF THE REMAINING TAX INCREMENT FUNDS BACKGROUND: Redevelopment Project Area #8 was created in January 1991 with 165 parcels. The project area expired as of December of 2025 and no further tax increment funding will be collected. There is a remaining balance of tax increment funds that are required to be distributed within five years of the expiration date.   RECOMMENDATION: Approve Resolution 2026R-01 dissolving RDA 8 and addressing the distribution of the remaining tax increment funds and authorize the Chair’s signature to any necessary documents. 

3 CONSIDER APPROVAL OF RESOLUTION 2026R-02 ADOPTING THE CDRA FISCAL YEAR 2027 BUDGET RECOMMENDATION: Approve Resolution 2026R-02 adopting the CDRA Fiscal Year 2027 budget and authorize the Chair’s signature to any necessay documents.