File #: 18-0487    Version: 1 Name:
Type: Agreement/Contract Status: Regular Hearing
File created: 1/16/2019 In control: City Council
On agenda: 1/28/2019 Final action:
Title: Consideration of a Tax Increment Reinvestment Zone Reimbursement Agreement by and Among the City of Lewisville, the Lewisville Tax Increment Reinvestment Zone, Number Three, and Bright Realty, LLC for Public Improvements Within the Zone; and Authorization for the City Manager to Execute the Agreement.
Attachments: 1. Staff Memo, 2. TIRZ Reimbursement Agreement, 3. Creation Ordinance, 4. Lewisville Final Project Plan and Financing Plan 12.21.18

title

Consideration of a Tax Increment Reinvestment Zone Reimbursement Agreement by and Among the City of Lewisville, the Lewisville Tax Increment Reinvestment Zone, Number Three, and Bright Realty, LLC for Public Improvements Within the Zone; and Authorization for the City Manager to Execute the Agreement.

 

request

ADMINISTRATIVE COMMENTS:

 

The agreement covers the terms and conditions of financing and reimbursing of the public improvement within the Zone #3.

 

RECOMMENDATION:

 

That the City Council approve the agreement and authorize the City Manager to execute the agreement as set forth in the caption.