Laserfiche WebLink
REQUEST OR CITY COUNCIL AGENDA ITEM* <br />Agenda Date Requested: <br />Requested By: John Joel U Department: Administration <br />Report Resoution X Ordinance <br />Exhibits: <br />1. Ordinance No. 9 R ^ V,V 4 <br />2. Exhibit "A" <br />SUMMARY & RECOMMENDATION <br />Proposed House Bill 2684 changes existing law as far as school district participation in a TIRZ and also notice <br />requirements to school districts. Unfortunately, the law, as written, does not specifically address or differentiate <br />between the creation of a Zone or expansion of a Zone. One interpretation could suggest that the City provide a <br />60-day notice for expanding a Zone (although this was not the intent). We could proceed (on the intent argument) <br />and take steps to expand the Zone next month. However, when reviewed by the comptrollers office, the school <br />districts participation in the "expanded area" could be questioned. The more conservative approach would be to <br />schedule the hearing on August 9,1999 to avoid the question of interpretation. <br />Also, there is no specific requirement to pass an ordinance calling for a public hearing to expand the Zone. Again, <br />I suggest we play it safe by passing such an ordinance. Since Council is on record with their intent to have a <br />second public hearing on expansion of Zone One, an ordinance calling the public hearing shouldn't be a great <br />concern. <br />Action Required by Council: <br />Consider approval of Ordinance No. establishing August 9, 1999 as the date for a Public Hearing <br />regarding Tax Increment Reinvestment Zone Number One. <br />Availability of Funds: <br />_ General Fund_ Water/Wastewater <br />_ Capital Improvement- General Revenue Sharing <br />Account Number: Funds Available: —YES —NO City Manager <br />ADDroved for Citv Cauncil Agenda <br />ert T. rrera Date <br />City Ma ager <br />