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April 14, 2025—Regular City Council Meeting—I" Public Hearing <br />April 21, 2025—Special City Council Meeting -2"d Public Hearing <br />May 12, 2025—City Council Meeting—Act on ordinance to disannex (day 77 from institution of <br />disannexation proceedings) <br />BUDGET: The requested disannexation would deprive the City of the property tax revenue for <br />the disannexed property, at this time, given the lack of development an Ag exemptions on most of <br />the parcels, those revenues are minimal, but could go up substantially if the property is ever <br />developed depending on the nature of that development. <br />RECOMMENDATION: Because the city's annexation/disannexation policy would seem to <br />dictate that Council at least consider the petition, staff recommends that Council choose and act <br />on the resolution instituting disannexation proceedings with the understanding that Council may <br />ultimately choose not to approve an ordinance of disannexation. <br />