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City Council Special Meeting

City Manager

Meeting Date:

12/15/2022

CRA #7 - Amendment

Submitted By:

Bryan Chodkowski

Department:

Council Committee Review?:

Council Work Session

Date(s) of Committee Review:

12/06/2022

Audio-Visual Needs:

None

Legal Review:

Emergency Legislation?:

Motion/Ordinance/
Resolution No.:

2022-R-7211

Agenda Item Description or Legislation Title

A Resolution Providing For The Second And Final Amendment Of Community Reinvestment Area #7.
(first reading)

Purpose and Background

This second and final amendment to Community Reinvestment Area (CRA) #7 has been submitted for Council action in support of current and future economic development efforts. These efforts include the application of the CRA #7 to certain parcels as a condition of closing under approved development agreements (Homestead and Horizon Line) as well as parcels likely to be developed or in need of redevelopment in the future. Parcels determined as likely for development or redevelopment were based on previous inquires to the Department of Economic Development and by City Planner Aaron Sorrell.

Fiscal Impact

Source of Funds:

N/A

Cost:

N/A

Recurring Cost? (Yes/No):

N/A

Funds Available in Current Budget? (Yes/No):

N/A

Financial Implications:

Attachments