HomeMy WebLinkAboutA069 - Council Action form dated April 24, 2001 s
ITEM #
DATE 4/24/01
COUNCIL ACTION FORM
SUBJECT: RESOLUTION APPROVING AN AMENDMENT TO THE SOMERSET
URBAN REVITALIZATION PLAN, STIPULATION #8 — REQUIRE AS A CONDITION FOR
TAX ABATEMENT THAT THE DEVELOPERS AGREE TO COMPLETE THE VILLAGE
CONCEPT TO THE BOUNDARIES OF THE SOMERSET URBAN REVITALIZATION
AREA.
BACKGROUND:
On April 10, 2001 the City Council proposed the amendment to the Somerset Urban
Revitalization Plan and set the date of public hearing for April 24, 2001. This action will
alter Stipulation #8 to require as a condition for tax abatement, that the developers agree
to complete the village concept to the boundaries of the Somerset Urban Revitalization
Area.
ALTERNATIVES:
1. The City Council can approve the amendment to the Somerset Urban Revitalization
Plan, requiring as a condition for tax abatement that the developers agree to
complete the village concept to the boundaries of the Somerset Urban Revitalization
Area.
2. The City Council can deny approval of the amendment to the Somerset Urban
Revitalization Plan, requiring as a condition for tax abatement that the developers
agree to complete the village concept to the boundaries of the Somerset Urban
Revitalization Area.
3. The City Council can direct staff to investigate other options.
MANAGER'S RECOMMENDED ACTION:
It is the recommendation of the City Manager that the City Council adopt Alternative #1.
This action will approve Stipulation #8 and provide for the completion of the village concept
in the Somerset Urban Revitalization Area.
COUNCIL ACTION: