AGENDA CAPTION:
Title
Consider approval of Ordinance 2026-11, on the first of two readings, amending the City's 2025-2026 Fiscal Budget to adjust expenditure accounts for the Tax Increment Reinvestment Zone No. 5; including procedural provisions; and declaring an effective date.
Body
Meeting date: March 31, 2026
Department: Finance
Amount & Source of Funding
Funds Required: $200,000.00
Account or Project Number (C = CIP funds): FY198
Funds Available: Contingent upon approval of this budget amendment
Account Name: Downtown TIRZ
Fiscal Note:
Prior Council Action: November 15, 2011 - approved a preliminary project plan and reinvestment zone financing plan. December 14, 2011 - creation of Reinvestment Zone for Tax Increment Financing purposes. June 18, 2020 - adopted amended project plan and reinvestment zone financing plan. June 23, 2022 - adopted amended project plan and reinvestment zone financing plan. June 03, 2025 - adopted amended project plan and reinvestment zone financing plan. December 2, 2025 - adopted amended project plan and reinvestment zone financing plan.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Economic Vitality
Mobility & Connectivity
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Arts and Culture - Choose an item.
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Housing + Neighborhoods - Choose an item.
? Land Use + Community Design and Character - Choose an item.
? Parks & Public Spaces + Health, Safety & Wellness - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
On February 12, 2026 TIRZ #5 Board approved an amendment to the project plan and
reinvestment zone financing plan. The amendment t...
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