File #: 19-0566    Version: 1 Name:
Type: Motion Status: Passed
File created: 4/11/2019 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 4/23/2019 Final action: 4/23/2019
Title: Approval of TIRZ #3 Reimbursement Agreement with Peoples Street Project, LLC for the Ward Building at 541 N. Chaparral St. Motion to approve a Downtown Development Reimbursement Agreement with Peoples Street Project, LLC for improvements to the property located at 541 N. Chaparral St. for a total incentive amount not to exceed $190,000 through the Chaparral Street Property Improvement Grant and a total incentive amount not to exceed $200,000 under the Project-Specific Development Agreement.
Sponsors: Downtown Management District
Attachments: 1. TIRZ #3 Agenda Memo - Ward Building, 2. TIRZ #3 Reimbursement Agreement Ward Building

Title

Approval of TIRZ #3 Reimbursement Agreement with Peoples Street Project, LLC for the Ward Building at 541 N. Chaparral St.

Motion to approve a Downtown Development Reimbursement Agreement with Peoples Street Project, LLC for improvements to the property located at 541 N. Chaparral St. for a total incentive amount not to exceed $190,000 through the Chaparral Street Property Improvement Grant and a total incentive amount not to exceed $200,000 under the Project-Specific Development Agreement.