Loading...
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