Presentation: TOEURA Annual Report 2025

SUBJECT: Title Presentation: TOEURA Annual Report 2025 Department DEPARTMENT: Economic Development Finance Presenter PRESENTER(S): Julian Jacquin, Director of Economic Development & TOEURA Lockie Woods, URA and Development Accounting Analyst end Time TIME ESTIMATE: 30 minutes end For time estimate: please put 0 for Consent items. Fiscal FISCAL SUMMARY: None Policy POLICY ISSUES: This item has minimal policy implications. Recommendation STAFF RECOMMENDATION: Review the presentation and participate in the discussion. Body SUMMARY/KEY POINTS * The 2025 Annual Report for the Town of Erie Urban Renewal Authority (TOEURA) highlights redevelopment activities completed during the year, urban renewal and incentive programs, new business openings, and progress within existing Urban Renewal Plan Areas. * The report also summarizes the status of existing Tax Increment Financing (TIF) Reimbursement Agreements and provides financial information related to revenues, expenditures, outstanding obligations, and fund balances for each active Plan Area. * The Annual Report is intended to provide the Town Council, TOEURA Board, taxing entities, developers, businesses, and the public with an overview of redevelopment activity, financial performance, and implementation progress related to adopted Urban Renewal Plan. BACKGROUND OF SUBJECT MATTER: Staff initiated annual TOEURA reporting in 2024 to improve transparency, provide regular updates on urban renewal activities and financial performance, and document progress toward redevelopment and investment objectives within the Authority's Plan Areas. Following the presentation, the Annual Report will be posted to the TOEURA page of the Town website for public access and reference. View at www.erieco.gov/URA. priorities . attachments ATTACHMENT(S): 1. TOEURA Annual Report 2025