HomeMy WebLinkAboutSummary Form FRAGENDA ITEM SUMMARY FORM
FILE ID: 14-00638
Date: 06/25/2014
Commission Meeting Date: 07/1, JS2014
tequesting Department: Planning & Zoning
District Impacted: id!
Type: LJ Resolution Ordinance Emergency Ordinance E Discussion Item
Other
Law Department
Matter ID No.
14-989
Subject: Pilot Program for Distressed Development Sites
Purpose of Dem:
This ordinance is intended to assist and encourage continued development in the hardship posed
during the economic downturn, This legislation will establish a pilot program to allow previously
approved development to be renewed and extended,
ackground Information:
The economic downturn caused several properties within the City to go into bankruptcy. As these
properties emerge from bankruptcy, there were unintended consequences that have restricted the
development of such sites, which in many oases have caused the sites to remain vacant for many
years. The establishment of a pilot progratn for such sites will allow the renewal and extensions of
development orders so that the City can continue to encourage stable development and promote
economic viability,
Budget Impact Analysis
NO Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source
General Account No;
Special Revenue Ac,coult No:
CIP Project No;
NO Is this item funded by Homeland se/Neighborhood ]improvement Bonds?
Start Up Capital Cost: N/A
IVIaintenance Cost: N/A
Total Fiscal Impact: N/A
Final Approvals
£SIGN AND DATE)
CIP 1Q16 Budg
'fusing or rorMingsapital fonds
Grants 1,11 Risk Managem en
Purchasing Na 1 f'c Dept. Director
Chief City Manager
Pago 1 of 1