Title
Consider/Discuss/Act on the 2016 Annual Report for Tax Increment Reinvestment Zone One (TIRZ No. 1 / Town Center)
Summary
COUNCIL GOAL: Fiscally Sound Government
MEETING DATE: February 7, 2017
DEPARTMENT: Budget Department
CONTACT: Mark Holloway
RECOMMENDED CITY COUNCIL ACTION:
• Approval of 2016 Annual Report
ITEM SUMMARY:
• Amount and source of revenue:
o $1,595,563 from Ad Valorem and Sales & Use Taxes
• Amount and purpose of expenditures:
o General and Administrative Expense
• $10,500
o 101 W. Louisiana Street (Roof Restoration, Cornice, & Sidewalk Improvements)
• $50,000
BACKGROUND INFORMATION: N/A
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION:
• On January 17, 2017, the Reinvestment Zone Number One Board unanimously approved the 2016 Annual Report.