Consent 1.E.
Regular City Council Meeting
- Meeting Date:
- 11/26/2012
- TITLE
- Second Reading Ordinance to Amend the Expanded N. 27th Street Urban Renewal Plan by Adding a Retail Recruitment and Retention Project
- PRESENTED BY:
- Bruce McCandless, Asst. City Administrator
- Department:
- City Hall Administration
Presentation:
Information
PROBLEM/ISSUE STATEMENT
On November 13, the City Council approved an ordinance on first reading that amends the Expanded N. 27th Street Urban Renewal Plan by adding a retail recruitment and retention project. The second reading of the ordinance is scheduled for this meeting. If Council approves it, the plan amendment will be effective 30 days after adoption, or on December 12, 2012. The Downtown Billings Alliance (DBA) has not requested funding for the project but that could occur in future months or fiscal years.
ALTERNATIVES ANALYZED
The City Council may approve or disapprove the ordinance. Disapproving it will leave the urban renewal plan as it is currently adopted.
FINANCIAL IMPACT
The DBA has not requested an appropriation for the project, so there is not an immediate financial impact and its ultimate cost is unknown at this time.
RECOMMENDATION
The Downtown Billings Alliance recommends that the City Council adopt second reading of the ordinance that amends the Expanded N. 27th Street Urban Renewal Plan by adding a Retail Recruitment and Retention project.