Legislation Details

File #: 26-0575    Version: 1 Name:
Type: Motion Status: Passed
File created: 4/13/2026 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 5/5/2026 Final action: 5/5/2026
Title: Motion to approve a 1st amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with Fosters Dynamic Design, LLC for the property located at 605 N Mesquite, to provide a year project extension from May 30, 2026, to May 30, 2027, effective upon signature by the City Manager or designee from the TIRZ #3 Targeted Vacant Property and Streetscape and Streetscape and Safety Improvement Program to begin pay out in FY 2027.
Sponsors: Downtown Management District
Attachments: 1. TIRZ #3 Agenda Memo - 1st Amendment to Drams Bourbon Bar, 2. TIRZ #3 Presentation - 1st Amendment to Drams Bourbon Bar, 3. TIRZ #3 Request - 1st amendment to extend deadlines, 4. TIRZ #3 Fosters Dynamic - Drams Bourbon - Streetscape - Vacant Building - original contract, 5. TIRZ #3 Amendment No 1 - Fosters Dynamic - Drams Bourbon Bar

title

Motion to approve a 1st amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with Fosters Dynamic Design, LLC for the property located at 605 N Mesquite, to provide a year project extension from May 30, 2026, to May 30, 2027, effective upon signature by the City Manager or designee from the TIRZ #3 Targeted Vacant Property and Streetscape and Streetscape and Safety Improvement Program to begin pay out in FY 2027.