Murray's Fireclay rebate tables don't carry forward from one year to the next

Murray's Redevelopment Agency rebates property tax increment to developers in its Fireclay area under agreements that began in 2007. The agency says the recipient pays its tax bill, and once the provisions of the agreement are verified as met, the agreed amount is rebated. ^[1]

The fiscal 2025 audited report lists $750,606 in rebates that year: $376,534 to Streit Avida, LLC, $119,020 to Parley's Partners, LLC and $255,052 to Hamlet Development. All three agreements expire in 2033. ^[1]

The city's budget shows $750,606 in Fireclay private reimbursements in fiscal 2025, an estimated $775,000 in fiscal 2026 and $850,000 budgeted for fiscal 2027. It says these expenditures are based on a percentage of increment revenue. ^[3]

The Streit Avida figures

The fiscal 2025 table lists $376,534 in rebates to Streit Avida that year and $2,941,844 in prior years. Those add up to $3,318,378. The same row lists a total maximum abatement of $3,039,117, which is $279,261 less. ^[1]

The fiscal 2024 table lists Streit Avida with $385,707 that year and $1,508,312 in prior years, $1,894,019 in all, and a maximum of $4,772,752. The fiscal 2025 prior-years figure of $2,941,844 is $1,047,825 more than that total. ^[2][1]

For Parley's Partners and Hamlet Development, the 2024 current-year and prior-year figures add up exactly to the prior-years figures in the 2025 table: $864,119 and $1,879,872. Parley's Partners' listed maximum fell from $2,498,588 to $1,873,941. ^[2][1]

A recipient leaves the table

The 2024 table also lists Murray TOD Owner, LLC, with no rebate that year, $451,028 in prior years and a maximum of $451,028. It does not appear in the 2025 table. ^[2][1]

The totals change as well. The 2024 table's current and prior-year rebates add up to $5,089,038, while the 2025 table's prior-years total is $5,685,835, or $596,797 more. The total of the listed maximums fell from $11,051,230 to $8,241,920. ^[2][1]

The reports reviewed do not explain the changes.

The wider redevelopment picture

The same note reports $3,084,108 in tax increment collected across project areas in fiscal 2025 and $1,388,382 in tax increment distributions. The Fireclay table covers a subset of that activity. ^[1]

It says the agency entered into an agreement on July 30, 2021, with Jesse Knight Legacy Center, LLC for up to $2,500,000 for a professional office and entrepreneurial center in the Ore Sampling Mill area. As of June 30, 2025, it says, no reimbursement was due because the project had not been completed. ^[1]