Thursday, February 24, 2022
SpecialPresiding: Mayor Thomas K. Butt · Called to order: 6:38 p.m. · 1 items · 16 public comments · View official: Minutes | Agenda
Attendance
Claudia Jimenez(Present)
Demnlus Johnson III(Present)
Melvin Willis(Present)
Gayle McLaughlin(Present)
Eduardo Martinez(Absent)
Tom Butt(Present)
Nat Bates(Absent)
1 substantive items
Governance(1 item)
Review financial risks from proposed Point Molate development district
Point Molate
In Plain English
Developers want to create a special financing district for the Point Molate project that could shift financial risks to the city. Community Facilities Districts let developers use future property taxes to pay for infrastructure like roads and utilities. The city council will discuss whether this financing plan protects taxpayers if the project fails.
Auto-generated summary. Source: official agenda documents.