Finance Committee for 3/9/2026

The City of Troy, Ohio Finance Committee met on March 9, 2026, to discuss three main procurement and financial matters. First, the committee unanimously recommended continuing the enterprise zone agreements and the Detroit Town Park TIF, requesting emergency legislation to meet state filing deadlines. Second, they recommended declaring surplus and authorizing the sale of nine vehicles and two pieces of equipment via an online auction platform, GovDeals, without emergency legislation. Third, the committee reviewed and recommended council approval of an $80,000 settlement with Jessica Nielsen to release her from personal liability on two defaulted loans to AM Scott Distillery LLC, also requesting emergency legislation to finalize the settlement promptly. The committee acknowledged the challenges in loan recovery but emphasized the importance of these financial decisions for the city's fiscal health.