Approve $21 million annual payment schedule for former redevelopment agency debts
In Plain English
Richmond's former redevelopment agency was dissolved in 2012 by state law. The city must still pay off the agency's remaining debts using property tax revenue from former redevelopment areas. This schedule covers debt payments and administrative costs for the next fiscal year, totaling $21 million.
Auto-generated summary. Source: official agenda documents.
Community Discussion
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5 related items found by meaning
Approve payment schedule for former redevelopment agency debts
Approve spending plan for former redevelopment agency obligations
Approve payment schedule for former redevelopment agency debts through June 2020
Approve payment schedule for former redevelopment agency debts
Approve annual budget to pay former redevelopment agency debts
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