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City Council Agenda Request
December 19, 2017
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AGENDA REQUEST NO: VII.B.
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| | AGENDA OF: City Council Meeting |
| | INITIATED BY: Thomas Harris III, Assistant City Secretary |
| | PRESENTED BY: Joe Zimmerman, Mayor |
| | RESPONSIBLE DEPARTMENT: City Secretary |
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| | | | | | | | | AGENDA CAPTION: | | Consideration of and action on appointments of two members to Tax Increment Reinvestment Zone Number Three Board of Directors Positions One and Three for two-year term January 01, 2018 through December 31, 2019; and appoint Chair for one-year term January 01, 2018 through December 31, 2018. |
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| | | | | | | | | RECOMMENDED ACTION: | | Appoint two members to Tax Increment Reinvestment Zone Number Three Board of Directors Position One and Position Three for the period January 01, 2018 through December 31, 2019; and appoint a Chair for a one-year term extending January 01, 2018 through December 31, 2018. |
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| | | | | | | | | EXECUTIVE SUMMARY: | Tax Increment Reinvestment Zone No. Three was created in 2009 in an effort to assist with the redevelopment efforts for the former Imperial Sugar Refinery site and surrounding property.
The Board consists of five members who serve two-year terms. Two Board positions - Position One and Position Three - have terms expiring December 31, 2017. Additionally, pursuant to provisions of the creation ordinance, City Council annually appoints, from any position, a member to serve as chair for a term of one year beginning on January 1st of each year.
Therefore, staff recommends the City Council appoint two members to Tax Increment Reinvestment Zone Number Three Board of Directors (Positions One and Three) for the period January 01, 2018 through December 31, 2019, as well as appoint a Chair for a one-year term extending January 01, 2018 through December 31, 2018. |
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| BUDGET |
| | EXPENDITURE REQUIRED: N/A |
| | CURRENT BUDGET: N/A |
| | ADDITIONAL FUNDING: N/A |
| | FUNDING SOURCE: |
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