04-29-2026 Special JDA Agenda Packet

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Joint Development Authority TCAAP Redevelopment Project Joint Development Authority TCAAP Redevelopment Project AGENDA ITEM 8a MEMORANDUM DATE: April 29, 2026 TO: Joint Development Authority Board of Commissioners FROM: Directors Mitchell and Jagoe SUBJECT: Review Draft 2027 JDA Budget Per the Joint Powers Agreement (JPA), the JDA must approve an annual operations budget. The JPA outlines a format and the following deadlines for the budget process: 2.3.4.1. With the first annual budget and in subsequent years, the JDA shall each year prior to May 1 prepare an annual operations budget that estimates funding required by the JDA to conduct its business over the next calendar year. The JDA shall coordinate its budget process with the Parties' budget planning process Prior to September 1 of each year, the JDA shall, after its review and approval, submit the annual budget to the City and County. 2.3.4.3. The annual budget proposed by the JDA shall be reviewed and transmitted to the Parties. Each Party shall review, provide comments to the JDA and the other Party and approve the annual budget. The proposed JDA annual budget approved by the Parties pursuant to this process shall be reported back to the JDA by November 15 (preceding the ensuing calendar/fiscal year). Thereafter the IDA shall adopt and implement the budget approved by the Parties. The annual budget may be amended consistent with the process described in this Section. The draft budget for 2027 is presented in accordance with the May 1 deadline. This draft budget may be updated as the JDA advances discussions on development approach and clean energy in the upcoming months. It will then be reviewed and approved in accordance with the process outlined in the JPA. No formal action is being requested at this time. Attachments: • Draft 2027 JDA Budget • 2024-2026 JDA Budget Review Action Requested: None