Municue

SH5 Area Plan

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Budget Amend for TIRZ - SH5 Area Plan

Area Plansite_specificCity Council Regular MeetingArea Pl
The city council approved a budget amendment for a Tax Increment Reinvestment Zone serving the State Highway 5 area plan. Tax Increment Reinvestment Zones are financing tools that redirect a portion of property tax increases in designated areas toward infrastructure and development improvements. The amendment was approved unanimously.
1 eventFirst seen Jan 6, 2026Last activity Jan 6, 2026File #: 25-3525
City Council Regular Meeting: Carried unanimouslyJan 6, 2026
Topics
budget
transportation
development

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Timeline

Vote
Carried unanimously

Consider/Discuss/Act on an Ordinance Amending the Fiscal Year 2025-2026 Annual Budget to Provide Funds for the purpose of a State Highway 5 Small Area Plan as an Administrative Cost

Vote: 7 for, 0 against

approve ordinance amending FY 2025-2026 budget for SH 5 Small Area Plan administrative cost

Approved on consent agenda