SUBJECT: Motion establishing a public hearing date for the creation of the Medical Center Area Zone and the preliminary Project Plan and Financing Plan for Reinvestment Zone Number Twenty-Eight (Medical Center Area Zone)
RECOMMENDATION:
To establish a public hearing date for the creation of the Medical Center Area Zone and the preliminary Project Plan and Financing Plan for Reinvestment Zone Number Twenty-Eight (Medical Center Area Zone)
SPECIFIC EXPLANATION:
The Administration proposes the creation of the Medical Center Area Reinvestment Zone Number Twenty-Eight (Medical Center Area Zone) and the proposed preliminary Project Plan and Financing Plan (the “Plan”). The Plan will reflect the proposed boundaries of the Medical Center Area Zone.
Pursuant to Texas Tax Code Section 311.011(e), a public hearing must be held prior to City Council’s consideration of ordinances approving the boundaries of the Medical Center Area Zone and approving the Plan. The Administration recommends setting the public hearing date for December 14, 2022.
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Andrew F. Icken, Chief Development Officer