PILLAR: Growing
AGENDA DATE: October 8, 2025
COUNCIL DISTRICT(S): 2, 14
DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
Authorize a public hearing to be held on October 22, 2025 to receive comments on proposed amendments to the Project Plan and Reinvestment Zone Financing Plan ("Plan") for Tax Increment Reinvestment Zone Number Eleven, the Downtown Connection Tax Increment Financing District ("Zone") to: (1) increase the geographic area of the Downtown Connection Sub-district of the Zone by approximately two acres of real property to promote development or redevelopment of the Zone; and (2) make corresponding modifications to the Zone's boundary and Plan; and, at the close of the public hearing on October 22, 2025, consider an ordinance amending Ordinance No. 26096, previously approved on August 29, 2005, as amended, to reflect these amendments - Financing: No cost consideration to the City
*In alignment with Economic Development Incentive Policy.
Body
BACKGROUND
In 2005, the Downtown Connection TIF District ("TIF District" or "Zone") was initiated by property owner petition and created by City Council to serve as a long-term funding tool for public capital investment in the core of downtown and to support redevelopment of vacant/historic buildings and underutilized/vacant surface parking lots.
On June 22, 2022, the City Council approved an amendment of the Zone's Plan by Ordinance No. 32249 to support the significant investment in public infrastructure, such as roadways, water, sewer, storm drainage, sidewalks, lighting, mixed-income housing, etc. required to facilitate high-density mixed-use redevelopment of vacant/underutilized parcels and buildings in the TIF District. Since the COVID 19 pandemic, urban centers and central business districts have been adapting to changes in work patterns, with several buildings experiencing decreased office...
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