SUBJECT: Motion establishing a public hearing date for a third amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty (Southwest Zone).
RECOMMENDATION: (Summary)
To establish a public hearing date regarding the third amendment to the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number Twenty (Southwest Zone).
SPECIFIC EXPLANATION:
On October 14, 2015, the Board of Directors of both the Southwest Redevelopment Authority and Reinvestment Zone Number Twenty (“Southwest Zone”) will approve amendments to the Project Plan and Reinvestment Zone Financing Plan for the Southwest Zone and transmitted a proposed Third Amended Project Plan and Reinvestment Zone Financing Plan (the “Amended Plan”) to the City for consideration by City Council. The Amended Plan will address future infrastructure, mobility and quality of life issues resulting from existing and projected densities within the Southwest Zone.
In accordance with Section 311.011(e) of the Texas Tax Code, a public hearing must be held prior to City Council’s consideration of an ordinance approving the Amended Plan. The Administration recommends setting a public hearing for October 21, 2015.
cc: Marta Crinejo, Agenda Director
Anna Russell, City Secretary
Donna Edmundson, City Attorney
Gary Dzierlenga, Senior Assistant City Attorney