AGENDA CAPTION:
Title
Discuss and consider appointments or reappointments to Positions One, Two, Three and Five of the Tax Increment Reinvestment Zone (TIRZ) No. 5 (Downtown) Board of Directors, and provide direction to Staff.
Body
Meeting date: March 19, 2019
Department: City Clerk
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: $1,565,898
Account Name: TIRZ 5
Fiscal Note:
Prior Council Action: The City Council approved Resolution 2011-150R on December 6, 2011. The Council designated the area with the adoption of Ordinance 2011-74 on December 14, 2011. The termination date was extended to December 31, 2021 with the adoption of Ordinance 2016-52 on December 6, 2016.
City Council Strategic Initiative: [Please select from the dropdown menu below]
N/A
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
On December 6, 2011, the City of San Marcos adopted Resolution No. 2011-150R, approving an Interlocal Agreement between Hays County and the City of San Marcos related to the "San Marcos, Texas Tax Increment Reinvestment Zone No. 5." The full text of Resolution No. 2011-150R is attached.
On December 14, 2011 the Council designated the boundaries of the zone. The area is bounded by Concho Street, Moore Street, North Street, Comanche Street, Shady Lane, Fredericksburg Street, Hull Street, Guadalupe Street, Ih-35, McKie Street, LBJ Drive and CM Allen Street. A map is also attached.
On December 6, 2016 the Council vote...
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