Sponsor: Councilmember Crispin Rea Acknowledging that the twenty-three-year statutory period for the capture of tax increment allocation financing within Project A of the Hotel Phillips Tax Increment Financing Plan has expired; terminating the designation of Project A as a redevelopment project therein; declaring all payments in lieu of taxes and economic activity taxes on deposit in the Special Allocation Fund established in connection with Project A as surplus, and dissolving the Special Allocation Fund established in connection with Project A; estimating and appropriating the sum of $1,700,000.00; and directing the City Clerk to send copies of this ordinance to Jackson County.

Ordinance Passed Introduced September 18, 2024

Where it was heard