Print

AI-8862     New Business      I.        City Council Special Meeting City Manager    Meeting Date: 12/15/2022   CRA #7 - Amendment Department: Council Committee Review?: Council Work Session Date(s) of Committee Review: 12/06/2022 Audio-Visual Needs: None Legal Review: Emergency Legislation?: No 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 Resolution Exhibit A Exhibit B 2022-R-7211