All right.

It is 4 15 on Wednesday, August 12th.

And so I will call the annual joint review board meeting to order.

And we'll have roll call.

Brittany Rindy.

Here.

Ron Olson.

Here.

Jane Butts.

Here.

And Jim Namath.

Here.

All right.

And then do we have any correction of the minutes from November 5th, 2025?

If not, we'll I'll make a motion to approve.

I'll second that.

Okay.

Any discussion otherwise?

All in favor say aye.

And opposed no.

Aye.

Aye.

All right.

And then we have business C1, the election or reaffirmation of the chairperson and public member.

Um for historical context.

I myself, as City Administrator Britney Rindy have served as the chairperson.

And the public member was Ariana Vagley, the county clerk.

And I believe we also have Nick Owen here to helpfully fill that position.

I will move to have Britney be the chair again and Nick as the public member keeping that.

I'd second that.

Any other nominations.

Otherwise, then we will do a roll call vote, I guess, for the selection of myself, Brittany Rindy as the chair, and Nick Owen, the county administrator as the public member.

Brittany Rindy.

Ron Olson.

Aye.

Jane Butz.

Aye.

And Jim Namath.

Hi.

All right.

Welcome aboard, Nick.

And then we'll go on to our next item, the review of the annual PE 300 reports and performance on the study of the city's TID districts.

And we have Greg Johnson with Ellers here to provide those reports.

Thank you, Brittany.

Good afternoon.

Included in your agenda packet was a slide deck, which I'll use to provide the overview of all the city's active TID districts.

Also included in the agenda packet were the PE 300 forms, which are filed with the Department of Revenue, which is the required form that you're to receive at these meetings.

But the PowerPoint presentations intended to go more in depth with each of the TID districts.

So we'll start with just some background information on each of the TID districts.

So the chart here goes through TIDS 7 through 10, lists the creation date of each district, the type of district, and then the end of the expenditure period.

And then the incremental values as a 1126 are the preliminary incremental values that were released by the Department of Revenue.

Those get certified and finalized on August 15th each year, but those were the preliminary values released on August 1st.

And then we'll go through the cash flow models in a moment.

So next we'll go through each of the TIFF districts just to kind of give you some background information.

So starting with TID district number seven.

Taking all that into account, the district is projected to close in 2030.

For reference, we've included a copy of the map that just shows the current boundary of the district, primarily focused on the downtown core of the city.

So for the cash flow model for TID district number seven, uh starting on page eight of the presentation.

So we have uh the revenue for the district and then the uh state aids, which is primary personal property aid for the district.

Um so we're not really projecting any increase in tax increment, just the current incremental value holding and projecting a declining tax rate.