Economic Development Corporation and Local Government Corporation IFCs
Posted: Fri Jul 19, 2019 12:46 pm
Dear Colleagues:
I hope you are having a wonderful July!
I wanted to share with you an IFC that I have launched for the August 8th agenda to create an economic development corporation. As you may be aware, in 2017 I sponsored Resolution No. 20170216-040 directing the City Manager to bring forward specific proposals for creating an Economic Development Corporation or similar entity that could create or support development of affordable housing, redevelopment, revitalization and other priority projects and goals of the City. As mine was a reiteration of an IFC on which former MPT Cole had led several years earlier, the item on the 8/8 agenda will bring to fruition work that has been envisioned for many years.
Confirmed co-sponsors on this item include Council Members Harper-Madison, Alter, and Mayor Adler, and I have invited Council Member Kitchen to co-sponsor. At her request, we included language directing this entity be created with the ability to manage a Cultural Trust. As you may recall CM Kitchen sponsored a resolution in 2018 directing the City Manager to analyze and develop next step strategies to enhance stability, preservation, and creation of creative arts cultural spaces throughout the city.
In addition, I am sponsoring a separate item on 8/8 to create a local government corporation to support homelessness services and housing. This item is currently being reviewed, and I will post it to the message board as soon as it is completed.
http://assets.austintexas.gov/austincou ... 123747.pdf
Many thanks,
Kathie Tovo
Council Member District 9
I hope you are having a wonderful July!
I wanted to share with you an IFC that I have launched for the August 8th agenda to create an economic development corporation. As you may be aware, in 2017 I sponsored Resolution No. 20170216-040 directing the City Manager to bring forward specific proposals for creating an Economic Development Corporation or similar entity that could create or support development of affordable housing, redevelopment, revitalization and other priority projects and goals of the City. As mine was a reiteration of an IFC on which former MPT Cole had led several years earlier, the item on the 8/8 agenda will bring to fruition work that has been envisioned for many years.
Confirmed co-sponsors on this item include Council Members Harper-Madison, Alter, and Mayor Adler, and I have invited Council Member Kitchen to co-sponsor. At her request, we included language directing this entity be created with the ability to manage a Cultural Trust. As you may recall CM Kitchen sponsored a resolution in 2018 directing the City Manager to analyze and develop next step strategies to enhance stability, preservation, and creation of creative arts cultural spaces throughout the city.
In addition, I am sponsoring a separate item on 8/8 to create a local government corporation to support homelessness services and housing. This item is currently being reviewed, and I will post it to the message board as soon as it is completed.
http://assets.austintexas.gov/austincou ... 123747.pdf
Many thanks,
Kathie Tovo
Council Member District 9