Council meeting to cover lots of ground
March 17, 2003
Community plans, redevelopment refinancing and outdoor displays will make for a South Lake Tahoe City Council agenda Tuesday that runs the gamut.
The City Council — which will meet at 9 a.m. at 1900 Lake Tahoe Blvd. — may seek further restrictions on commercial outdoor displays that have increased in numbers recently.
Suggested options from staff are as far ranging as establishing a subcommittee to give the council a recommendation to prohibiting the displays in parts of town or even citywide.
A plan that maps out the industrial section of the South “Y” area of town will also come before the City Council for action — but the spirit of the document involves much more than business.
Stream bed restoration and water treatment facilities make up the environmental nature of the plan — which is also due to come before the Tahoe Regional Planning Agency Governing Board next week.
In January, the panel endorsed the concepts outlined in a draft community plan that would create incentives for industrial businesses to relocate to the area.
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The region includes 192 acres located between Julie Lane and Shop Street.
Since then, city staff has worked with the TRPA to put the final touches on the text of the community plan. The council may approve the city design standards Tuesday in its first reading — with the second one before the panel April 1.
Regarding business on the other side of town for Tuesday’s meeting, the council, while working on behalf of the South Lake Tahoe Redevelopment Agency, hopes to refinance its redevelopment debt. Financial consultants have proposed the agency secure an $11 million tax allocation bond –at an interest rate not to exceed 7 percent — with anticipated transient occupancy tax revenue collected at the Marriott-anchored Park Avenue project. The city needs the surplus gained by a long-term bond issuance to fund remaining obligations under the Park Avenue development agreement.
These obligations include $1.5 million streetscape improvements, $1 million for drainage basins and $250,000 for the snowmelt system in the parking garage expected to open in mid-May.
The agency sold $33 million in bond anticipatory notes in 1999 to originally fund the massive project.
-Susan Wood can be reached at (530) 542-8009 or via e-mail at firstname.lastname@example.org