Legislation Details

File #: 24-0719    Version: 1 Name:
Type: Motion Status: Passed
File created: 5/2/2024 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 5/21/2024 Final action: 5/21/2024
Title: Motion to approve a Downtown Development Agreement with 416 N Chaparral St, LLC for improvements to the property located at 416 N Chaparral Street for a total incentive amount not to exceed $3,060,000, effective upon signature by the City Manager or designee.
Sponsors: Downtown Management District
Attachments: 1. TIRZ #3 Agenda Memo - 416 Flats, 2. TIRZ #3 Presentation - 416 Flats, 3. TIRZ #3 Contract - 416 Flats

title

Motion to approve a Downtown Development Agreement with 416 N Chaparral St, LLC for improvements to the property located at 416 N Chaparral Street for a total incentive amount not to exceed $3,060,000, effective upon signature by the City Manager or designee.