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File #: ORD-0296    Version: Name:
Type: Ordinance Status: Approved
File created: 4/12/2016 In control: City Manager Office
On agenda: 4/26/2016 Final action:
Title: Approving an ordinance on second reading with the caption reading: AN ORDINANCE OF THE CITY OF PFLUGERVILLE, TEXAS, APPROVING THE SECOND AMENDMENT TO THE DEVELOPMENT FINANCING AGREEMENT FOR REINVESTMENT ZONE NUMBER ONE, CITY OF PFLUGERVILLE, TEXAS; AUTHORIZING THE MAYOR TO EXECUTE SAID AMENDMENT; CONTAINING VARIOUS PROVISIONS RELATED TO THE FORGOING SUBJECT.
Attachments: 1. TIRZ_amendment_ord 2nd Amendment DFA_CA_approved, 2. Second Amendment, 3. Development Financing Agreement 20, 4. Exhibit A to the TIRZ First Amendment to Development Financing Agt

Title

Approving an ordinance on second reading with the caption reading: AN ORDINANCE OF THE CITY OF PFLUGERVILLE, TEXAS, APPROVING THE SECOND AMENDMENT TO THE DEVELOPMENT FINANCING AGREEMENT FOR REINVESTMENT ZONE NUMBER  ONE, CITY OF PFLUGERVILLE, TEXAS; AUTHORIZING THE MAYOR TO EXECUTE SAID AMENDMENT; CONTAINING VARIOUS PROVISIONS RELATED TO THE FORGOING SUBJECT.

 

Summary

The effect of this ordinance is to include a revision to Exhibit A to the Development Finance Agreement, presented as Exhibit A-1, in support of getting the reimbursement audit completed. The City Attorney has reviewed and approved the ordinance as to form. 

 

Status

The TIRZ Board met on March 30, 2016 and approved the amendments presented and included as an exhibit to this ordinance. The City Council approved the ordinance on first reading on April 12, 2016.

 

Deadline for City Council Action

None.

 

Fiscal Impact

There is no fiscal impact associated with the approval of this item.

 

Staff Recommendation

Staff recommends approval of the ordinance on second reading.

 

Drafter

Trey Fletcher, AICP

Assistant City Manager