City Council

Agenda — 2 items

1. <table style="width: 100%; Font-family: Times; font-size: 12pt;"><tbody><tr><td style="text-align: center; vertical-align: top; width: 10%;"><br></td><td style="width: 90%; text-align: center; vertical-align: top;">ORDINANCE NO. 2026-23</td></tr><tr><td style="vertical-align: top; width: 10.5574%;"><br></td><td style="width: 10%; vertical-align: top; text-align: center;">AN ORDINANCE CONSENTING TO AND APPROVING THE EXECUTION OF A TIF AGREEMENT BETWEEN THE CITY OF MOUNT VERNON AND RESIDENCES AT FOUNDERS GROVE, LLC FOR THE BENEFIT OF A DEVELOPMENT LOCATED AT 12050 UPPER GILCHRIST ROAD.[AGENDA_ITEM_DEPT]: [AGENDA_ITEM_CUSTOM_TEXT_3]
2. ORDINANCE NO. 2026-26</td></tr><tr><td style="vertical-align: top; width: 10.5574%;"><br></td><td style="width: 10%; vertical-align: top; text-align: center;">AN ORDINANCE ESTABLISHING TWO INCENTIVE DISTRICTS AND DECLARING IMPROVEMENTS TO CERTAIN REAL PROPERTY WITHIN THE INCENTIVE DISTRICTS TO BE A PUBLIC PURPOSE, AND EXEMPT FROM REAL PROPERTY TAXATION; IDENTIFYING CERTAIN PUBLIC INFRASTRUCTURE IMPROVEMENTS MADE, TO BE MADE, OR IN THE PROCESS OF BEING MADE, THAT WILL BENEFIT OR SERVE THE PARCELS IN THE INCENTIVE DISTRICTS; REQUIRING THE OWNERS OF THOSE PARCELS TO MAKE SERVICE PAYMENTS IN LIEU OF REAL PROPERTY TAXES; ESTABLISHING A MUNICIPAL PUBLIC IMPROVEMENT TAX INCREMENT EQUIVALENT FUND FOR THE DEPOSIT OF SUCH SERVICE PAYMENTS IN LIEU OF REAL PROPERTY TAXES; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF A TAX INCREMENT FINANCING AGREEMENT WITH ARISTA VILLAS MOUNT VERNON, LLC AND OTHER AGREEMENTS; AND APPROVING RELATED MATTERS AND DECLARING AN EMERGENCY.[AGENDA_ITEM_DEPT]: [AGENDA_ITEM_CUSTOM_TEXT_3]

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