Item 15 Passed 8-2unofficial
In plain language — from the agenda backup
This item approves the preliminary project and financing plan for Tax Increment Reinvestment Zone No. 21, nicknamed Dog's Head, covering land bounded by the Colorado River, US Highway 183, and State Highway 130. A TIRZ lets the city capture future property tax gains within the zone to fund improvements there, so this sets the groundwork for how that area develops. The item has no fiscal impact.
The official agenda language
Approve the preliminary project and financing plan for Tax Increment Reinvestment Zone No. 21 (Dog’s Head) that will apply to land bounded by the Colorado River, US Highway 183, and State Highway 130. Funding: This item has no fiscal impact.
"on a vote of eight in favor, two opposed and one absent item 15 passes." — meeting transcript (unofficial)
What got said
- Watson amendments added a gentrification needs assessment and affordable housing reporting
- Alter amendments prioritized early tirz dollars for Carson Creek drainage and 50%-MFI housing
- Siegel and Velasquez voted no