Reform 9.1.4: Non-CDBG Agency Debt

Repayment of Non-CDBG Agency Debt.

Other Information:

The Redevelopment Agency “currently holds approximately $40.2 million in non-CDBG long-term debt to the City, including principle and interest.”4 Given the downtown redevelopment area’s recent cap increase, we recommend that a repayment plan for this debt to be considered by the City Council at a date in the near future, as a significant opportunity for generating an additional General Fund revenue stream may exist.

Indicator(s):

Indicator:1

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