File #: ORD 25-021    Version: 1 Name:
Type: Ordinance Status: First Reading
File created: 6/12/2025 In control: City Council
On agenda: 6/24/2025 Final action:
Title: Introduction and First Reading on Ordinance 25-021, an Ordinance authorizing Budget Amendment No. 4 to the 2025 Budget. Second Reading and Action: July 8, 2025.
Attachments: 1. Memo, 2. Ordinance, 3. Development Agreement
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Title

Introduction and First Reading on Ordinance 25-021, an Ordinance authorizing Budget Amendment No. 4 to the 2025 Budget.  Second Reading and Action:  July 8, 2025.

 

Body

Summary and Recommended Action:

Staff recommends approval of an ordinance authorizing budget amendment in the amount of $2,250,000 from Economic Development reserves in the General Fund to Ryan Companies.  The grant supports offsite infrastructure and detention pond improvements associated with the Marketplace Development (TID #13), as outlined in the Development Agreement adopted November 12, 2024.

 

Body2

Attachments:

Memo

Ordinance

Development Agreement