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Council reads first time ordinance granting $205,696 transportation improvement fee credit for development at 3443 Long Beach Blvd.
Summary
The council declared that a transportation improvement fee (TIF) credit of $205,696 is due to a development at 3443 Long Beach Boulevard and read the ordinance for first reading; the ordinance was laid over for final reading at the next regular meeting.
The City Council on June 3 considered a public-works recommendation to declare that a transportation improvement fee (TIF) credit is due for a development project at 3443 Long Beach Boulevard in the amount of $205,696. The council read the ordinance for the first time and laid it over to the next regular meeting for final reading.
Public Works staff described the action as a finding and execution of an agreement providing for the TIF credit to 888-5 Partners (project identifier in the agenda). The partial reading was recorded and then the ordinance was scheduled for final reading at the council’s next regular meeting; the transcript records a motion and the motion carried on the matter.
Ending: The ordinance will return for final reading at the next regular meeting; the council recorded the first reading and the motion carried on the record.
