The Modesto City Council on Tuesday is expected to approve the implementation of a downtown incentive program that would offer cash payments to businesses that meet hiring targets, matching funds for facade improvements and other assistance.
The council approved the program in May, but there were questions of how it would be funded. The incentive program’s initial budget was for $100,000, but the Community and Economic Development Department proposes to fund the program through $50,000 it has in budget reserves.
The council also is expected to:
• Approve a repayment schedule for loans Modesto made to its redevelopment agency. The loans were from 1983 to 2007 and total $21.7 million. Modesto expects to get back more than $30 million, which includes interest, through 2038. Twenty percent of the loan payments must go to housing. The payments will come from the successor agency established to handle the redevelopment agency’s affairs after the state abolished redevelopment agencies a couple of years ago.
• Authorize staff to seek the most qualified firm to conduct a sewer rate and fee study. Modesto is conducting the study under the terms of a settlement it reached this year with Stanislaus Food Products. The firm had sued the city, claiming it was overcharging for treating the rinse water used at its cannery.
• Authorize changes to the city’s health insurance programs for city and retired city employees. The changes are expected to save the city about $300,000 annually in costs associated with the retiree medical program.
The council will meet at 5:30 p.m. in the council chambers of Tenth Street Place, 1010 10th St.