Agenda Item Title:
16TI004 - Resolution creating the Unnamed Tributary Channel Tax Increment District and a Resolution approving the Project Plan
Origination Group:
Planning Commission
Origination Meeting Date:
09/22/2016
Stage 2 Group Name:
Public Works Committee
Stage 2 Meeting Date:
09/28/2016
City Council Hearing Date:
10/03/2016
Petitioner:
KTM Design Solutions, Inc for Yasmeen Dream, LLC
Staff Contact:
Patsy Horton, Long Range Planning Manager
Location:
East and west of Elk Vale Road between E. Highway 44 and the current terminus of East Fairmont Street
Agenda Item Summary:
The purpose of this proposed Tax Increment District is to realign a portion of the Unnamed Tributary Channel and construct Element #8 identified in the Unnamed Tributary Drainage Basin Design Plan in order to maximize development potential of the property located in the northwest portion of Orchard Meadows Subdivision. Staff requests that this item be continued to the September 22, 2016 Planning Commission Meeting.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Approve
Origination Recommendation Notes:
Planning Commission continued to the September 22, 2016 Planning Commission meeting: 8/25/2016; Planning Commission recommended approval: 9/22/2016; Legal & Finance Committee recommended approval (3-1): 9/28/2016
City Council Recommendation Action:
Approve
City Council Recommendation Notes:
City Council approved with Light (7-3): 10/3/2016