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Item No. 15 <br />FA J R'', 17, 1 M'', 1, 7,11 '�- <br />TO: Mayor, Mayor Pro -Tem, & City Council <br />Rose Beverly, City Manager <br />FROM: Robert G. Vine, Deputy City Manager <br />SUBJECT: Update from Staff Regarding Possible Projects to fund with $400,000 from Solar <br />Farm Disannexation <br />DATE: April 14, 2025 <br />BACKGROUND: On March 24, 2025, staff presented a list of 12 different projects that could <br />possibly be funded, in part or in full, with the $400,000.00 from the Solar Farm Disannexation <br />Project. This list was presented at the request of the Council. <br />STATUS OF ISSUE: At the March 24"' meeting the Council directed Staff to narrow the list and <br />bring the remaining possible project packages back to City Council at the next regular Council <br />meeting. Staff is working on narrowing this list to those projects which do not have other possible <br />funding sources and requests more time to determine which items could be funded by HOT and a <br />possible partnership with the Chamber of Commerce, or other funds, such as TIRZ. Staff is <br />working closely with the Chamber of Commerce to maximize the opportunity to complete multiple <br />projects, which takes coordination between the Chamber Board and will ultimately result in a <br />written agreement outlining each project funded by HOT between the City and the Chamber of <br />Commerce. <br />Staff expects to have a presentation ready to bring back to Council at the first meeting in May <br />2025. <br />BUDGET: N/A <br />OPTIONS: N/A <br />RECOMMENDATION: Update only. <br />