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Board approves Butterfly Palace development ordinances, authorizes CID board appointments; bond plan postponed
Summary
The Board of Aldermen on May 20 approved ordinances and agreements authorizing the Butterfly Palace expansion and establishing a Butterfly Palace Community Improvement District, but postponed a related industrial revenue bond plan after staff and the applicant withdrew the plan because of errors in its cost-benefit analysis.
The Board of Aldermen on May 20 approved a package of ordinances and agreements enabling expansion of the Butterfly Palace, established the Butterfly Palace Community Improvement District and authorized related cooperative and funding agreements, while postponing an industrial revenue bond plan tied to the project.
City staff presented the items as part of the meeting’s consent agenda and via subsequent reports. The board approved the consent package by roll-call vote 4-0. Later the board accepted a staff recommendation to postpone indefinitely the chapter 100 industrial development plan for the Butterfly Palace after staff and the applicant withdrew the plan because of errors in the cost-benefit analysis.
The consent agenda items the board approved include: an ordinance approving…
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