8.G.
FPRA Regular Meeting - 4:00 p.m.
- Meeting Date:
- 01/28/2020
- Re
- Economic Development Strategy
- Submitted For:
- Shyanne Helms
SUBJECT:
Economic Development Strategy and Funding
SUMMARY:
Staff presented a proposed Economic Development Vision and Strategy to the FPRA Board on July 15, 2019. $150,000 of FPRA contingency funding has since been identified to potentially fund some of the specific redevelopment initiatives set forth in the Economic Development Vision and Strategy.
Additional funding may become available through the tax credit sale proceeds but it has not been allocated to fund these programs at this time.
Additional funding may become available through the tax credit sale proceeds but it has not been allocated to fund these programs at this time.
RECOMMENDATION:
Staff recommends the approval of the Economic Development Strategy and budget allocation as presented.
ALTERNATIVES:
Staff will proceed as directed by the FPRA Board.
RESPONSIBLE STAFF:
Shyanne Helms, Communications + Economic Development Manager
Caleta Scott, Grants Administration Manager
Caleta Scott, Grants Administration Manager
COORDINATED WITH:
Nicholas C. Mimms, City Manager/FPRA Executive Director
Fiscal Impact
OTHER INFORMATION:
$150,000 of FPRA contingency funding