File #: 20-0374    Version: 1 Name:
Type: Motion Status: Passed
File created: 3/5/2020 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 3/24/2020 Final action: 3/24/2020
Title: Motion to approve a reimbursement request with Shoreline Hospitality, LP under the Downtown Development Reimbursement Agreement for 309 S Shoreline Blvd. and authorizing a reimbursement of 75% of the annual property taxes paid on the improvements to TIRZ #3, up to the cap of 10 years and not to exceed $940,000.
Sponsors: Downtown Management District
Attachments: 1. Agenda Memo- Shoreline Hospitality Reimbursement, 2. Marriott Reimbursement Request

Title

Motion to approve a reimbursement request with Shoreline Hospitality, LP under the Downtown Development Reimbursement Agreement for 309 S Shoreline Blvd. and authorizing a reimbursement of 75% of the annual property taxes paid on the improvements to TIRZ #3, up to the cap of 10 years and not to exceed $940,000.