The Ledger reviewed Holladay's audited fiscal 2025 statements, council minutes and bond records: reserves, debt, the Local Building Authority and the Cottonwood Mall redevelopment area. Every figure comes from a linked city record.
Council and building authority records from August 2025 to August 2026 show the financing model, bond amounts and budget figures for City Hall and Spring Lane Park.
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City records from 2021 to 2025 describe the area's $122.5 million increment cap, its 75% shares, a 2025 signal prefunding and a proposed $2.5 million housing payment.
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Approved minutes show the council supported a $9.1 million full renovation of Spring Lane Park on Aug. 6, 2026 and adopted a design plan 6-0 on Aug. 20. The building authority's budget amendment appears in the city's Aug. 6 recording, but its own minutes have not been posted.
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After discussions in November and early December 2025, the City Council approved an affordable housing agreement with the redevelopment agency and KMW Development on Dec. 18, 2025. Later agency agendas proposed a $2.5 million budget amendment and an amendment to the agreement.
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Holladay's audited financial statements for the year ended June 30, 2025 show the General Fund's total balance fell by $1,183,204 after transfers, the redevelopment agency fund held $2,888,900 overall, and $17,176,000 in sales tax revenue bonds remained outstanding.
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Fuel price signs, short-term rentals in the PO zone and roadway classifications each failed with no votes in favor, including from the council member who made the motion.
