City of Alexandria, Virginia
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MEMORANDUM
DATE: OCTOBER 14, 2019
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Public Hearing, Second Reading and Final Passage of an Ordinance to amend Section 3-2-189 (Tier I Potomac Yard Metrorail Station Special Services District) in Division 1 (Real Estate) of Article M (Levy and Collection of Property Taxes) of Chapter 2 (Taxation) of Title 3 (FINANCE, TAXATION, AND PROCUREMENT) of the Code of the City of Alexandria, Virginia, 1981, as amended. [ROLL-CALL VOTE]
BODY
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ISSUE: Consideration of a request to codify the ordinance reference in Section 3-2-189.
RECOMMENDATION: That City Council hold a public hearing, second reading and consider for final passage the proposed ordinance on October 19, 2019.
BACKGROUND: The City Council action to amend the boundaries of the Potomac Yard Metrorail Station Special Services District requires an amendment to Section 3-2-189 of the City Code to change the authorizing ordinance reference. This action authorizes that consistency.
FISCAL IMPACT: There is no significant fiscal impact from this action. It clarifies the established boundaries of the Tier I Potomac Yard Special Services Tax District. It should be noted that in its current form, the northern section of parcel 506 generates $24,000 of revenue from the $0.20 Tax Tier I special assessment. Based on the development decision associated with parcel 506, if the approved but yet-to-be-constructed 138 condominiums are removed from Tax Tier I, tax revenue of $91,000 would not be generated.
ATTACHMENTS:
1. Ordinance Cover
2. Ordinance to Modify Section 3-2-189
STAFF:
Laura B. Triggs, Deputy City Manager
Kendel Taylor, Director, Department of Finance
Kevin Greenlief, Acting Deputy Director, Department of Finance
Sarah McElveen, Assistant City Attorney
Bryan Page, Assist...
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