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Title:
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Discussion with possible action to direct the City Manager, in coordination with the City’s Financial Advisor, Bond Counsel, and Legislative Affairs staff to evaluate opportunities to expand the City of Laredo’s economic development tools though the creation of a Type A and/or Type B Economic Development Corporation while preserving the City’s ability to complete planned improvements and future phases of the Buena Vista Sports Complex and support existing sports and entertainment facilities; such evaluation to include a review of existing Sports and Community Venue Sales Tax obligations, available funding options, potential state legislative changes that could provide additional flexibility, and a report to Council at a date certain; and any other matters incident thereto.
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