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Council extends Reinvestment Zone No. 3 project plan to Dec. 31, 2040
Summary
Council held a public hearing and adopted an ordinance approving the first amended project plan and financing plan for Reinvestment Zone Number 3, authorizing the city secretary to distribute the plans and extending the zone's duration to Dec. 31, 2040; TRS board had previously approved the amendment.
The council opened a public hearing on the first amended project plan and reinvestment zone financing plan for Reinvestment Zone Number 3 and discussed the approval process and next steps. City staff said the amendment had been considered and approved by the TRS board and would next go to the county for approval.
After brief remarks from attendees associated with the TRS board, a council member moved to adopt the ordinance authorizing the city secretary to distribute the amended plans and to extend the duration of the reinvestment zone to Dec. 31, 2040. The motion was seconded and passed by voice vote.
Council members noted the procedural path: TRS board approval followed by county review; the council's vote here authorized the local step in the process.
