A resolution accepting the FY 2024-2025 Annual Report on the status of Tax Increment Financing Reinvestment Zone Number Thirteen (Grand Park South TIF District or District), and authorizing the City Manager to submit the annual report to the Chief Executive Officer of each taxing jurisdiction that levies taxes on real property in the District and to the State Comptroller, as required by state law - Financing: No cost consideration to the City *In alignment with Economic Development Incentive Policy.

This resolution formally accepts the Fiscal Year 2024-2025 Annual Report for Tax Increment Financing (TIF) Reinvestment Zone Number Thirteen, also known as the Grand Park South TIF District. The report details the financial status and activities of the district for the period ending September 30, 2025. The City Council is authorizing the City Manager to submit this annual report to the chief executive officers of all taxing jurisdictions that levy property taxes within the district, as well as to the State Comptroller, as mandated by state law. This action aligns with the City's Economic Development Incentive Policy and involves no direct cost to the City.

This is a routine administrative report. Residents are not directly impacted by this resolution, as it concerns the reporting of financial status for a specific economic development zone.

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