Agenda Item Title:
19TI002 - Resolution to approve TID #78 Amendment #1
Origination Group:
Planning Commission
Origination Meeting Date:
10/10/2019
Stage 2 Group Name:
Legal & Finance Committee
Stage 2 Meeting Date:
10/30/2019
City Council Hearing Date:
10/21/2019
City Council First Reading Date:
11/04/2019
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 Project Plan for Tax Increment District #78 was approved on October 3, 2016, and was created to provide funding to realign a portion of the Unnamed Tributary Channel and construct Element #8 identified in the Unnamed Tributary Drainage Basin Design Plan, including city oversizing costs for the channel. The proposed amendment will reallocate unused capital and contingency funds and add a line item to construct a sewer lift station. The proposal also includes separating the existing Project Plan into two phases, one for the design and construction of the channel and the traffic signal components and one for the design and construction of the lift station
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Notes:
Planning Commission Approved adding approximately 1320 +/- feet of dry gravity sewer main to the TID Project Plan, creating a two-phased Project Plan and reallocating costs as proposed; 10/10/2019; Legal and Finance Committee recommended to approve: 10/30/2019
City Council Recommendation Action:
Approve
City Council Recommendation Notes:
City Council approved: 11/4/2019