Legislation Details

File #: ORD 6919   
In control: City Council Regular Meeting
On agenda: 5/20/2026
Title: Ordinance designating an increment area; setting a sunset date for the increment area; identifying the public improvements to be financed; indicating the City’s intent to issue bonds to finance public improvement costs in an estimated maximum principal amount not to exceed $84.4 million; providing that the increment area will take effect on June 1, 2026; imposing a deadline for commencement of construction; and providing for related matters.
Attachments: 1. Agenda Memo, 2. A. Publication Notice of Intent to Create Tax Increment Finance Area, 3. Ordinance
Supporting documents: 1. PowerPoint
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Title

Ordinance designating an increment area; setting a sunset date for the increment area; identifying the public improvements to be financed; indicating the City’s intent to issue bonds to finance public improvement costs in an estimated maximum principal amount not to exceed $84.4 million; providing that the increment area will take effect on June 1, 2026; imposing a deadline for commencement of construction; and providing for related matters.