File #: 17-0368    Version: 1 Name:
Type: Ordinance Status: Tabled Indefinitely
File created: 3/10/2017 In control: City Council
On agenda: 3/28/2017 Final action: 3/28/2017
Title: First Reading Ordinance - Approving the Amendments to the Tax Increment Reinvestment Zone Number Two Amended Project & Financing Plans Ordinance approving the amendments to the Tax Increment Reinvestment Zone #2 amended Project and Financing Plans approved by the Board of Directors of Reinvestment Zone Number Two, Corpus Christi, Texas on July 22, 2014, February 21, 2017, and March 7, 2017 regarding Park Road 22 Bridge Project, Packery Channel monitoring and improvements, and updated information on other Packery Channel projects; appropriating $4,000,000 from the unreserved fund balance of the No. 1111 Reinvestment Zone No. 2 Fund; and amending the Fiscal Year 2016-2017 operating budget adopted by Ordinance No. 030965 by increasing expenditures by $4,000,000.
Sponsors: Assistant City Manager
Attachments: 1. Agenda Memo - TIRZ #2, 2. TIRZ #2 Ordinance 3.23.pdf, 3. TIRZ #2 Project Plan02.28.pdf, 4. Exhibit A, 5. Exhibit B, 6. Exhibit C, 7. Exhibit D, 8. Exhibit E, 9. Exhibit F, 10. Exhibit G, 11. Exhibit H - Six Pack Projects, 12. Balance Sheet as of 11-30-2016 - TIF2 Financials 11.30, 13. TIRZ #2 Financial

Title

First Reading Ordinance - Approving the Amendments to the Tax Increment Reinvestment Zone Number Two Amended Project & Financing Plans

 

Ordinance approving the amendments to the Tax Increment Reinvestment Zone #2 amended Project and Financing Plans approved by the Board of Directors of Reinvestment Zone Number Two, Corpus Christi, Texas on July 22, 2014, February 21, 2017, and March 7, 2017 regarding Park Road 22 Bridge Project, Packery Channel monitoring and improvements, and updated information on other Packery Channel projects; appropriating $4,000,000 from the unreserved fund balance of the No. 1111 Reinvestment Zone No. 2 Fund; and amending the Fiscal Year 2016-2017 operating budget adopted by Ordinance No. 030965 by increasing expenditures by $4,000,000.