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11-1.
New Business  
City Council Meeting
City Manager  
Meeting Date:
08/26/2019
Transformational Economic Development Program
Submitted By:
Rob Schommer
Department:
City Manager
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
08/20/2019
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
2019-R-6787
Agenda Item Description or Legislation Title
A Resolution Establishing The Transformational Economic Development Program And Authorizing The City Manager To Take All Necessary And Proper Actions To Implement Said Program And To Acquire, Finance, Convey And Develop Certain Land As Part Of That Program.
(first reading)
Purpose and Background
The City wishes to establish the Transformational Economic Development Program as prescribed in the proposed resolution as well as implementing the provisions of the program for Project #1 identified as The Heights.
Fiscal Impact
Source of Funds:
TED Fund
Cost:
$4,000,000
Recurring Cost? (Yes/No):
No
Funds Available in Current Budget? (Yes/No):
Yes
Financial Implications:
Attachments
Resolution
2019-R-6787
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