SUBJECT: Motion establishing a public hearing date on October 21, 2015 for a sixth amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Five (Memorial Heights Zone)
RECOMMENDATION: (Summary)
Set a public hearing date for the sixth amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Five (Memorial Heights Zone)
SPECIFIC EXPLANATION:
On November 11, 2014, the Board of Directors of both the Memorial Heights Zone and the Memorial Heights Redevelopment Authority approved amendments to the Project Plan and Reinvestment Zone Financing Plan (“ the Amended Plan”) for the Zone then forwarded the proposed Amended Plan to the City for consideration. The Amended Plan will address future infrastructure, mobility and quality of life projects within the Memorial Heights Zone.
Pursuant to Texas Tax Code Section 311.011(e), a public hearing must be held prior to the adoption of an ordinance approving the Sixth Amended Plan. The Administration recommends setting the public hearing date on Wednesday, October 21, 2015.
cc: Marta Crinejo, Agenda Director
Anna Russell, City Secretary
Donna Edmundson, City Attorney
Gary Dzierlenga, Senior Assistant City Attorney