| | | | | | | | | City Council Agenda Request December 20, 2022
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AGENDA REQUEST NO: IV.E.
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| AGENDA OF: City Council Meeting |
| INITIATED BY: Thomas Harris III, City Secretary |
| PRESENTED BY: Joe Zimmerman, Mayor |
| RESPONSIBLE DEPARTMENT: City Secretary |
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| | | | | | | | AGENDA CAPTION: | Consideration of and action on the appointment of Jennifer May to Position 4 and Sawar Khan to Position 5, for a two-year term ending December 31, 2024; and appointment of Don Smithers as Chair for a term ending December 31, 2023 to the Tax Increment Reinvestment Zone No. 1 Board of Directors. |
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| | | | | | | | RECOMMENDED ACTION: | Consideration of and action on the appointment of two members to Tax Increment Reinvestment Zone Number One Board of Directors Positions 4 and 5 for a term ending December 31, 2024; and appointment of a Chair for a term ending December 31, 2023. |
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| | | | | | | | EXECUTIVE SUMMARY: | The City of Sugar Land established Tax Increment Reinvestment Zone Number One in 1998 for a 32.83-acre tract of retail, commercial and undeveloped land. The proposed improvements to the property in the Tax Increment Reinvestment Zone include providing a funding mechanism for the public infrastructure including the plaza, streets, sidewalks, streetscape, lighting and amenities, traffic and signalization improvements, and certain underground utilities for the development.
Staff recommends the City Council the appointment of Jennifer May to Position 4, Sawar Khan to Position 5, for a two-year term ending December 31, 2024; and appointment of Don Smithers as Chair for a term ending December 31, 2023 to the Tax Increment Reinvestment Zone No. 1 Board of Directors.
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BUDGET |
| EXPENDITURE REQUIRED: N/A |
| CURRENT BUDGET: N/A |
| ADDITIONAL FUNDING: N/A |
| FUNDING SOURCE:N/A |
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