The only first reading bill presented on the February 23, City Council Agenda:
COUNCIL BILL 2009-034. (Manley) A special ordinance authorizing the City Manager, or his designee, on behalf of the City of Springfield to enter into an agreement with the City of Battlefield to amend the boundary established for annexation areas and for the City of Springfield to accept the amount of $50,000.00 from the developer as payment in lieu of some future tax revenue.
Seems pretty run of the mill. Only a handful of questions, immediately, came to my mind, who is the developer? Does it matter?
From the bill:
"...the developer has agreed to a lump sum payment of $50,000 to the City. This payment is being made to help reduce the amount of sales tax Springfield will forego over the short-term because it may be some time before the southeast corner develops. This payment will be made after the developer has secured his construction loan or at the end of three years, whichever comes first."
> Who is the developer?
> What is "the amount of sales tax Springfield will forego over the short-term before the southeast corner develops?"
Let's wait and see what we can find out Monday night. Patience, patience, patience.