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Title:
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Cypress Waters TIF District Public Safety Building/Fire Station 58. Authorize (1) an ordinance amending the Project Plan and Reinvestment Zone Financing Plan for Tax Increment Financing Reinvestment Zone Number Nineteen (Cypress Waters TIF District) to reprogram $775,000.00 (2010 NPV dollars) from the Public Infrastructure Improvements line item to the Public Safety Improvements line item in the Cypress Waters TIF District's budget to support the construction of a permanent public safety building in the district; (2) a development agreement with Billingsley LD, Ltd. ("Developer") and/or its affiliates in an amount not to exceed $12,200,000.00, payable from future Cypress Waters TIF District Funds, for reimbursement of development costs (excluding land costs) associated with construction and conveyance of a Public Safety Building/Fire Station 58 in Tax Increment Financing Reinvestment Zone Number Nineteen (Cypress Waters TIF District).
[Courtney Pogue, Director, Office of Economic Deve...
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