Tax Increment Reinvestment Zone No. One
	Agenda Request
Agenda Of:	03-05-10	Agenda Request No:		vi-a
Initiated By:	Tim Neeley Business Resource Manager	Responsible Department:		Economic Development
Presented By:	Regina Morales Economic Development Director	Department Head:		Regina Morales, Economic Development Director
		Additional Department. Head (s):		N/A
Subject / Proceeding:	Consideration Of And Action On Approval Of The Tirz No. 1 Fiscal Year 2009 Annual Report
Exhibits:	Fy2009 Tirz #1 Annual Report
Clearances			Approval
Legal:	N/A		Director:	Regina Morales
Purchasing:	N/A		Assistant City Manager:	N/A
Budget:	Jennifer Brown, Budget & Research Director
Recommended Action
Approve the TIRZ No. 1 Fiscal Year 2009 Annual Report.
Executive Summary
State law requires municipalities with tax increment reinvestment zones to provide the Comptroller an annual report each fiscal year. The report includes detail on FY2009 revenue, expenditures, debt, tax increment base, appraised value and captured value, as referenced in the state law. Once approved, staff will distribute to the State Comptroller, Attorney General, and each taxing entity that levies property tax within the zone.
Exhibits

TIRZ #1 FY2009 Annual Report attached in separate file.