Executive session at 1 pm: Litigation regarding Stennett v. City of Amarillo; purchase and sale of real property located in the Northeast quadrant of the City of Amarillo; discussion regarding business prospects in manufacturing and distribution.
Special meeting at 3 pm: Ordinance adopting the 2023/2024 budget and five-year service plan for various public improvement districts; public hearing on FY 2023-24 budget and tax rate to increase to $0.39867; second reading of ordinance adopting city of Amarillo budget and ad valorem property tax rate of $0.32116 per $100 property valuation for city maintenance and operations expenses and $0.07751 per $100 property valuation for existing debt expenses resulting in a total ad valorem rate of $0.39867 per $100 property valuation; separate ratification vote on the tax rate as required; first reading of an ordinance approving final project and finance plan for Tax Increment Reinvestment Zone No. 3 in the city of Amarillo; proposed operating budgets for the FY 2023-2024 for the Amarillo Economic Development Corporation, Center City Tax Increment Reinvestment Zone No. 1, East Gateway Tax Increment Reinvestment Zone No. 2, South Gateway Tax Increment Reinvestment Zone No. 3, Amarillo-Potter Events Venue District; 2023/2024 fiscal year budget and associated program of services for the Amarillo Hospital District; one-year agreement for services with Center City of Amarillo, Inc. for continued services associated with the preservation, improvement, and revitalization of the Central Business District of Amarillo; authorize AEDC for sale of 254 acres of land at Pullman Road and Airport Boulevard to International Paper for approximately $6.35 million.