File #: 25-0627    Version: 1 Name:
Type: Motion Status: Passed
File created: 4/24/2025 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 5/13/2025 Final action: 5/13/2025
Title: Motion to approve a Downtown Development Agreement with Fosters Dynamic Design, LLC for improvements to the property located at 605 Mesquite Street for a total incentive amount not to exceed $523,534, effective upon signature by the City Manager or designee from the TIRZ #3 Targeted Vacant Property Improvement Program and Streetscape and Safety Improvement Program to be paid out in FY 2026.
Sponsors: Downtown Management District
Attachments: 1. TIRZ 3 Agenda Memo -Drams Bourbon Bar.pdf, 2. TIRZ #3 Presentation - Drams Boubon Bar, 3. 250509 - Contract- Drams Bourbon Bar

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Motion to approve a Downtown Development Agreement with Fosters Dynamic Design, LLC for improvements to the property located at 605 Mesquite Street for a total incentive amount not to exceed $523,534, effective upon signature by the City Manager or designee from the TIRZ #3 Targeted Vacant Property Improvement Program and Streetscape and Safety Improvement Program to be paid out in FY 2026.