Legislation Details

File #: 25-0466    Version: 1 Name:
Type: Resolution Status: Future Agenda
File created: 3/28/2025 In control: City Council
On agenda: 5/6/2025 Final action: 5/6/2025
Title: Resolution authorizing the execution of a Chapter 380 Incentive Agreement with Cinergy 112, LLC to provide a rebate of up to $4,000,000 of ad valorem taxes and sales taxes generated by the development over the base year for a 15-year period for the development of Cinergy Family Entertainment Center.
Sponsors: Economic Development
Attachments: 1. Agenda memo - Cinergy.pdf, 2. Resolution - Cinergy 112 380 Incentive Agreement.pdf, 3. CC-CINERGY 112 380 Incentive Agreement, 4. Cinergy Presentation
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Resolution authorizing the execution of a Chapter 380 Incentive Agreement with Cinergy 112, LLC to provide a rebate of up to $4,000,000 of ad valorem taxes and sales taxes generated by the development over the base year for a 15-year period for the development of Cinergy Family Entertainment Center.