File #: 20-1165    Version: 1 Name:
Type: Resolution Status: Passed
File created: 9/11/2020 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 Americano Properties, LLC for Dusty's Taco Bar, located at 322 N Chaparral, which increases the total incentive, previously set at $30,000, by an amount not to exceed $11,500 for a total incentive amount not to exceed $41,500 and provides a twelve-month extension to the deadline to complete construction from September 30, 2020 to September 30, 2021, effective upon signature by the City Manager or designee.
Sponsors: Downtown Management District
Attachments: 1. TIRZ#3 Agenda Memo - Dusty's Taco Shop Amendment No 1, 2. Extension Letter Request - Dusty's Taco Shop (322 N Chaparral), 3. Amendment No 1 Dusty's Taco Shop, 4. Dusty’s Taco Shop Update - PPT 9.30.pdf

Title

Motion approving Amendment No. 1 to the Downtown Development Reimbursement Agreement for Americano Properties, LLC for Dusty's Taco Bar, located at 322 N Chaparral, which increases the total incentive, previously set at $30,000, by an amount not to exceed $11,500 for a total incentive amount not to exceed $41,500 and provides a twelve-month extension to the deadline to complete construction from September 30, 2020 to September 30, 2021, effective upon signature by the City Manager or designee.