File #: 20-1097    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/31/2020 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 9/30/2020 Final action: 9/30/2020
Title: Motion approving Amendment No. 1 to the Downtown Development Reimbursement Agreement for 807 N Upper Broadway LLC, which provides a six-month extension of the deadline to complete construction of the improvements from September 30, 2020 to March 31, 2021, effective upon signature by the City Manager or designee.
Sponsors: Downtown Management District
Attachments: 1. TIRZ#3 Agenda Memo - 807 NUB 1st Amendment, 2. Amendment No 1 807 NUB, 3. 807 NUB LLC Extension Request Letter, 4. 807 NUB Update - PPT 9.30.pdf

Title

Motion approving Amendment No. 1 to the Downtown Development Reimbursement Agreement for 807 N Upper Broadway LLC, which provides a six-month extension of the deadline to complete construction of the improvements from September 30, 2020 to March 31, 2021, effective upon signature by the City Manager or designee.