Legislation Details

File #: 941-2026    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 8/14/2026 In control: City Council
On agenda: 8/19/2026 Final action: 8/19/2026
Passage/adoption date: 8/19/2026
Effective date: 8/24/2026    
Title: AN EMERGENCY ORDINANCE To amend Section 2 of Ordinance No. 906-2020, passed December 2, 2020, relating to a Tax Increment Financing Agreement with Library Lofts LLC and/or UC City Center LLC, and/or designees for a development project, to remove the term “not to extend beyond 2052” and to provide a summary of supplemental project phases and authorizing amendments to existing TIF agreements and supplemental TIF escrow agreements.
Sponsors: Jasmin Santana, Blaine A. Griffin, By Departmental Request
Indexes: DEPARTMENT OF DEVELOPMENT , TAX INCREMENT FINANCING ( TIF ) , WARD 09
Attachments: 1. 941-2026-FOR PASSAGE-amend ord 906-2020 TIF Circle Square- Amend and supplement, 2. 941-2026 FP letter-amend ord 906-2020 TIF Circle Square- Amend and supplement, 3. 941-2026-Waiver-Circle Square-TIFAmend_RBruno_vFINAL, 4. 941-2026-Legislative Summary-CIRCLESQUARELIBRARYLOFTSTIFAMENDMENT, 5. 941-2026-PRESENTATION, 6. FINAL VERSION City Record August 28, 2026 Page 15

Title

AN EMERGENCY ORDINANCE To amend Section 2 of Ordinance No. 906-2020, passed December 2, 2020, relating to a Tax Increment Financing Agreement with Library Lofts LLC and/or UC City Center LLC, and/or designees for a development project, to remove the term “not to extend beyond 2052” and to provide a summary of supplemental project phases and authorizing amendments to existing TIF agreements and supplemental TIF escrow agreements.