Legislation Details

File #: ID 24-7052    Version: 1 Name:
Type: Resolution Status: Passed
File created: 2/27/2024 In control: City Council
On agenda: 3/5/2024 Final action: 3/5/2024
Title: Consider adopting a Resolution of the Mayor and City Council of the City of Laurel, Mississippi approving the forms of and authorizing the execution and delivery of an interlocal cooperation agreement and a development and reimbursement agreement in connection with the issuance by the City of its tax increment financing bonds in an aggregate principal amount of not to exceed two million dollars ($2,000,000), for the purpose of providing financing for all or a portion of the costs of certain infrastructure improvements in connection with a redevelopment project within the City; and for related purposes.
Attachments: 1. Laurel MS TIF (Hobbs Autoplex Project) (2024) (234529) - City Resolution approving Interlocal and Development Agreement, 2. Laurel MS TIF (Hobbs Autoplex Project) (2024) (234529) - Form of Interlocal Cooperation Agreement, 3. Laurel MS TIF (Hobbs Autoplex Project) (2024) (234529) - Form of Development and Reimbursement Agreement

MUNICIPAL DOCKET
CITY OF LAUREL
FACT SHEET


COUNCIL MEETING DATE: ___3/5/24___ ITEM NO.

ITEM TITLE: Policy Agenda

INTRODUCED BY: Administration

CONTACT PERSON/TELEPHONE: Mary Ann Hess, MMC

SUMMARY EXPLANATION: Title
Consider adopting a Resolution of the Mayor and City Council of the City of Laurel, Mississippi approving the forms of and authorizing the execution and delivery of an interlocal cooperation agreement and a development and reimbursement agreement in connection with the issuance by the City of its tax increment financing bonds in an aggregate principal amount of not to exceed two million dollars ($2,000,000), for the purpose of providing financing for all or a portion of the costs of certain infrastructure improvements in connection with a redevelopment project within the City; and for related purposes.
Body
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EXHIBITS FOR REVIEW

RESOLUTION ___X___ ORDINANCE ______ CONTRACT ______ MINUTES ______

PLAN MAPS ______ ORDER ______ OTHER (SPECIFY)


SUBMITTAL AUTHORIZATION: COUNCILPERSON _____ MAYOR ______ CAO ______



COUNCIL ACTION: MOTION BY________________ SECONDED BY__________________

COUNCIL VOTE: YEAS NAYS ABSTAIN ABSENT
JASON CAPERS, WARD 1 ______ _______ ________ _______
KEVIN KELLY, WARD 2 ______ _______ ________ _______
TONY THAXTON, WARD 3 ______ _______ ________ _______
GEORGE CARMICHAEL, WARD 4 ______ _______ ________ _______
ANDREA ELLIS, WARD 5 ______ _______ ________ _______
GRACE AMOS, WARD 6 ______ _______ ________ _______
SHIRLEY JORDAN, WARD 7 ______ _______ ________ _____...

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