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2026-05-05 - Community Reinvestment Agency

Summary

Built from the official minutes of the Limited Community Reinvestment Agency (CRA) meeting (approved August 18, 2026). The minutes are not a full transcript.

  • Limited CRA Board meeting held Tuesday, May 5, 2026, called to order at 2:04 p.m. and adjourned at 2:19 p.m.; Director Dugan presided. Directors present: Puy, Petro, Wharton, Carlsen, Dugan and Young. Director Lopez Chavez is listed as present at the start but was recorded absent on the consent vote.
  • Only business item: a briefing on CRA Budget Amendment No. 3 for Fiscal Year 2025-26. Kate Werrett introduced it; Danny Walz, with Miranda Johnson and Baylee White (CRA Financial Analysts), presented it. No vote on the amendment itself.
  • The amendment addresses an additional $1.6 million in interest revenue, a $2.3 million Library accounting adjustment and a $1 million transfer from the Central Business District to Secondary Housing, among other items.
  • Consent Agenda approved 6-0 (moved by Petro, seconded by Young; AYE Petro, Puy, Wharton, Carlsen, Dugan, Young; ABSENT Lopez Chavez). It set the public hearing and possible adoption of the amendment for Tuesday, May 12, 2026 at 1 p.m.
  • Written briefing only, no discussion: the semi-annual CRA property report (all Tier 1 and Tier 2 properties under the Land Disposition Policy).
  • No general comments and no public hearing speakers. The tentative closed meeting was not held.

Community Reinvestment Agency Budget Amendment No. 3, Fiscal Year 2025-26

Walz and staff reviewed tax increment revenue, year-to-date revenue and expense performance, payments to taxing entities, tax increment reimbursement activity, and proposed transfers from project area funds to support primary housing, operations, obligated expenses and the transition holding account. Directors and Walz discussed the primary and secondary housing funds and their respective affordability requirements. See Community Reinvestment Agency Third Budget Amendment.

Sources