Ordinance No. 19711 - Laserfiche WebLink

Home Browse Search

finance i n the Downtown Development Di stri ct a program of economic promotion, downtown level apment, and public parking which may i nc1 ude the promotion of paratransit, transit, walking and bicycling, include but are not limited to the following: ~ a } Prepare and submit i n compliance with city budget proce - dure and schedule, a prel iminary budget for a program of economic promotion, downtown development and the Downtown Development Dis- trict parking program. The budget shall estimate income and expen- ditures for the immediately ensuing fiscal year and be in a format prescribed by the city manager. fib} Submit to the city manager or his/her designee in cam- p1 i once with the city budget schedul e, a wri tten proposal of the rates of ad valorem and busi Hess-and-accupati on taxation that the commission deems necessary to finance the downtown development and parking program during the next year. ~ c } All proceeds from ad vat orem and bus i nes s -and-occupation taxes specially levied in the Downtown Development District to finance the promotion, development, and parking program and al 1 other income generated by Downtown Development District funds or programs shat 1 be credited to a separate speci a1 revenue fund. The commission shall have power to expend the fund solely to imple- ment the program within the Downtown Development District. ~2} The city manager, or the manager's designee, after consultation with the commission, shall adopt a Downtown Tenant Mix Plan ~P1an} for all or part of the Downtown Development District. When not otherwise inconsistent with provisions of this code, or federal ar state 1 aw, the Plan shall be used as one criteria for approval of grants, loans or other assistance. Changes to the P1 an may be recommended to the manager by the commission. After notice and opportunity far comment, the manager shall consider the recommendation of the commission and may adapt changes ar amendments to the P1 an. Section 2. That the matters captained herein concern the public welfare and therefore, an emergency i s hereby declared to exist, and this Ordinance shat 1 become effective immediately upon its passage by the City Counci 1 and approval by the Mayor, retention by the Mayor for more than ten days, or readoption aver a mayoral veto by two-thirds of all members of the Council, Passed by the City Council this 25th day of July, 1990 G-.. City Recor r Approved by the Mayor this 25th day of July, 990 r ~ ! J F . ~ ` e¢J1 V ayor Ordinance - 2