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Item No. 21 <br />memorandum <br />TO: City Council <br />John Godwin, City Manager <br />FROM: Kent McIlyar, City Attorney <br />SUBJECT: Residential Tax Abatement Agreements <br />DATE: 10 -21 -2014 <br />BACKGROUND: On October 14, 2013 the City Council passed Ordinance No. 2013 -036 <br />creating Reinvestment Zone No. 2013 -1 for Residential Tax Abatement. This reinvestment zone <br />included all areas inside Council Districts 1 - 5. <br />STATUS OF ISSUE: The City Council directed staff to bring back an Ordinance amending <br />Reinvestment Zone No. 2013 -1 to add the areas included in Council Districts 6 &7. <br />BUDGET: N/A <br />RECOMMENDATION: Approve the Ordinance creating Reinvestment Zone No. 2015 -1. <br />