File #: 24-1185    Version: 1 Name:
Type: Motion Status: Passed
File created: 7/15/2024 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 7/30/2024 Final action: 7/30/2024
Title: Motion to approve a 1st amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with 500 Shoreline, LLC for the property located at 500 N Shoreline Boulevard, which provides the developer with an extension for the completion date from September 30, 2024 to March 31, 2025, effective upon signature by the City Manager or designee.
Sponsors: Downtown Management District
Attachments: 1. TIRZ #3 Agenda Memo - 1st Amendment to Plains Capital Bank Tower, 2. TIRZ #3 Presentation - 1st Amendment to Plains Capital Bank Tower, 3. Plains Capital Bank Tower_Extension Letter, 4. TIRZ #3 Amendment No 1 - Plains Capital Bank Tower - 500 N Shoreline, 5. TIRZ #3 Original Contract - Plains Capital - 500 N Shoreline - fully executed

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Motion to approve a 1st amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with 500 Shoreline, LLC for the property located at 500 N Shoreline Boulevard, which provides the developer with an extension for the completion date from September 30, 2024 to March 31, 2025, effective upon signature by the City Manager or designee.