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GARLAND CITY COUNCIL ITEM SUMMARY SHEET
			Work Session Item 4.a.
City Council Work Session Agenda
Meeting Date: 12/04/2023   Item Title:    Discuss and consider expanding the boundaries of the Downtown | Forest Jupiter TIF (TIF#1) and extending the termination date Submitted By: Letecia McNatt
Summary of Request/Problem
The Tax Increment and Finance Board for the Downtown | Forest Jupiter zone (TIF #1) met on November 29, 2023 and approved an updated recomendation on the TIF#1 Project and Finance Plan. Staff will provide an overview of the Revised Project and Finance Plan for TIF#1.
Recommendation/Action Requested and Justification
Discuss the proposed expansion, revised Project and Finance Plan, and extension of the termination date. Formally consider approving by ordinance these recommended changes at the December 12, 2023, Regular Meeting, following a Public Hearing on this subject scheduled for the same night (December 12, 2023).
Attachments TIF 1 Expansion Extension Revised

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