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farm SUP to accommodate the needs of Project. We anticipate that this would take the form of a <br />Chapter 380 agreement and would be tied to trail development. <br />Should Council wish to undertake disannexation proceedings with respect to this property, the <br />following procedure will need to be followed: <br />itine 24, 2024 City Geiineil Meeting The City GetHieil will diseuss the petition and determine <br />is in the diser-efien of �t here, <br />the entire pf-eeess <br />must be eemplete within 90 day s. if r.-.,,nei dete •.�. roes not to pr- c:ed, there will be tie fiH4 er- <br />fie on the petition. <br />If Council chooses to proceed: <br />have 25July 6, 20224 The cit a4emey :;11 send aa+ otioo to other taxing entities, se..ee <br />pr-ov;,1ers, and ra;lr-eads as nereessai7y, whieh must be . ene by 30 ,lays before the first of two r,aahhe <br />;til- 16 226, 2024 P4blish ,.otiee of first p4he hearing in the Par-isNews (pubheatio n must <br />between +ha <br />itily 23 August 7 2024 P41ish raotin of seen -ul publie h .i i the Pana News ! 4l; atie <br />, znuaaug au as � u lY <br />,s+ be between the 20 —J the I41# ,la.. —' 1~•.,m the s „a publie hearing). <br />> 2024, <br />so both hearings en <br />August 5, 2024—City Council Special Meeting-1't public hearing (public hearings must be <br />held between the 40th and 20th days out from action on the ordinance to disannex) <br />August 12, 2024—City Council Meeting-2nd public hearing <br />September 9, 2024—City Council Meeting—Act on ordinance to disannex (day 77 from <br />institution of disannexation proceedings) <br />BUDGET: The requested disannexation would deprive the City of the property tax revenue for <br />the disannexed property; however, the developer is interested in entering into an agreement to <br />mitigate the loss as described above. <br />OPTIONS: 1. Discuss and aet on a r-esehAieii stating the intent of eit�, Couneil te insti <br />disaaae*atien pr-eeedings on TGA cel71�2'�111370422 and 70423, <br />1 + ,1 County Read 22500 n ararr�xi ately 29 0 n <br />.,.�.. .,.. �.,.....�� .�.,»... ���.,., ....... _...fir==�===a -�rr-�•----------� -- -------- ----- <br />1 T r A D p 71 1 1 7 71 1 1 Z 7 7'1 an 7047- <br />vr-ur�tiruic�rcrti$�t�-�cr-rararvG�' , , '�z. , , <br />