File #: 20-1096    Version: 1 Name:
Type: Resolution Status: Withdrawn
File created: 8/31/2020 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 9/30/2020 Final action: 9/30/2020
Title: Motion to approve a Downtown Development Reimbursement Agreement with SEA District Hotel Group LP for the development of a $41,000,000 196 room dual-branded hotel (Hilton Garden Inn and Homewood Suites) located at 701 E Port Ave for a total incentive amount not to exceed $1,415,000, effective upon signature by the City Manager or designee.
Sponsors: Downtown Management District
Attachments: 1. TIRZ#3 Agenda Memo - SEA District Hotel Group, 2. TIRZ #3 Reimbursement Agreement - Hilton Garden Inn 09.10.20, 3. Hilton Garden Inn Update - PPT 9.30.pdf

Title

Motion to approve a Downtown Development Reimbursement Agreement with SEA District Hotel Group LP for the development of a $41,000,000 196 room dual-branded hotel (Hilton Garden Inn and Homewood Suites) located at 701 E Port Ave for a total incentive amount not to exceed $1,415,000, effective upon signature by the City Manager or designee.