WARSAW — Budgets for the Warsaw Redevelopment Commission’s general fund and the areas overseen by the commission were approved Tuesday afternoon, July 5.

Jeremy Skinner, city planner, reviewed the various budgets, which are operated from revenue received through tax increment financing. In Skinner’s review he presented current balances, expected balances, and expected revenue.

The redevelopment general fund proposed budget is $171,925. This budget includes professional services, including engineering. This fund is not earmarked for any specific project according to Skinner. The redevelopment general fund is expected to receive $95,000 in revenue in 2015, with $479,937.40 total funds for 2017. The expected balance from 2016 is $384,437.40.

Warsaw Tech Park budget is projected at $165,000. The only expected expenditure from the budget is $67,000 to Orthoworx. The expected revenue is $100,00 with a $127,174 balance at the end of 2016.

Proposed budget figures for the redevelopment allocation is $417,620. This budget includes the Buffalo Street bond payment and city hall bond payment, as well as engineering and property acquisition fees. Skinner is projecting revenue of $310,000 in 2017 combined with a year end balance of $213,956 for a total of $523,956.

The Northern TIF District fund proposed budget totals $2,924,236.88. Projected revenue for 2017 is at $3 million with $4,436,900.37 remaining from 2016. This budget includes a portion of the city engineer’s salary as well as phase two of the tech park project and property acquisition.

Proposed budget for the Eastern TIF District is $200,000. Funds from this area will be utilized for the Husky Trail project as well as the airport annexation project. Skinner stated the expected revenue in 2017 is $170,000, with $237,298.83 carried over from 2016.

The final budget reviewed was for the Winona Interurban. The proposed budget is $45,000, with expected revenue of $5,800. There is a current balance of $39,279.36, which if not spent will be moved through an additional appropriation. Money from this fund will be utilized for the Gatke property. Additionally Skinner noted expenditure of the funds will depend on the city’s receipt of Stellar Community funds.

During other business, Skinner provided an update on the Buffalo Street project, which is moving forward. He is anticipating requesting funds from the Northeast Regional Cities in the next month or so. He added property acquisition on the Husky Trail project is almost finalized.

“There are a lot of good things going on at the Tech Park,” reported Skinner. Indications are there is interest in the property and the “bobber is moving.”

The commission did approve the payment of claims to:

• Troyer Group for CR 300N trail engineering fees in the amount of $19,686.92
• NIPSCO for the shell building in the amount of $32.10
• Redevelopment Association in the amount of $125 for membership fees
• Faegre Baker Daniels on the Buffalo Street project totaling $4,958
• Orthoworx, per an agreement of $165,000
• A&Z Engineering in the amount of $5,340 for the roundabout design on Husky Trail
• Mark Snyder/Portfolio, Husky Trail right of way purchase, $27,610
• First Church of Christ Scientist, Husky Trail right of way purchase, $11,890
• Mallers Joyner Cinemas, Husky Trail right of way purchase, $7,400.