The Sherman City Council will consider project and financing plans for the city’s new Tax Increment Reinvestment Zone No. 7 during its regular meeting Monday at 5 p.m. in the council chambers of City Hall, 220 W. Mulberry St.
The financing plan for TIRZ No. 7, which was recently established on the southeast corner of the intersection of U.S. Highway 75 and FM 1417, includes approximately $2.3 million in public improvements to be funded through certificates of obligation issued by the city this year and/or reserves. The area where the TIRZ No. 7 was established encompasses the area to be used for a Schulman’s Movie Bowl Grille development in the city.
Before considering the financing and project plans, the council will hold a public hearing on them to allow citizens a chance to speak on the matter. Public hearings will also be held on specific use permits granted by the Sherman Planning & Zoning Commission last month for patio homes in the 600 block of East Carter Street, a new parking lot for ABC Supply Co. at 2403 North Travis Street and to amend an article of the Home Rule Charter.
The council will also consider taking action on an amendment to the city charter concerning the manner in which alternate municipal court judges are named. The item was tabled at the council’s last meeting to allow city staff to revise some language in the amendment.
A resolution awarding a contract for the first phase of the Setting Suns Drainage Project to Vessels Construction will also be considered by the council. A change order for the Sherman Water Treatment Plant’s expansion project will also be considered.
Sherman Economic Development Corp. President John Plotnik and board Chairman John Sild will be on hand at the meeting to provide the council with an update on SEDCO’s progress report for its most recent quarter.
Three members of the city’s Parks and Recreation Advisory Board saw their terms expire last month, so the council will consider reappointments and/or new appointments to the board.
Near the end of the meeting, the council will go into a closed, executive session to discuss pending litigation with the city attorney, personnel matters and deliberate regarding economic development negotiations.