AGENDA CAPTION:
Title
Hold a public hearing to receive comments for or against Ordinance 2026-34, amending the project plan and reinvestment zone financing plan for the Tax Increment Reinvestment Zone No. 5, Downtown TIRZ, to increase funding in support of an annual downtown operations and project plan; authorizing the City Manager, or her designee, to execute the amendment on behalf of the city; including procedural provisions; and declaring an effective date; and consider approval of Ordinance 2026-34 on the first of two readings.
Body
Meeting date: August 18, 2026
Department: Finance
Amount & Source of Funding
Funds Required: $937,900
Account or Project Number (C = CIP funds): Multiple
Funds Available: Yes, Contingent on approval of FY2026-27 Budget
Account Name: Multiple
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. March 31, 2026 - adopted amended project plan and reinvestment zone financing plan.
City Council Strategic Initiative: [Please select from the dropdown menu below]
Economic Vitality
Mobility & Connectivity
Quality of Life & Sense of Place
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 - Choos...
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