File #: 21-0529    Version: 1 Name:
Type: Resolution Status: Passed
File created: 4/21/2021 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 4/27/2021 Final action: 4/27/2021
Title: Motion approving Amendment No. 2 to the Downtown Development Reimbursement Agreement with Peoples Street Project, LLC (Ward Building) for the property located at 541 N Chaparral St which increases the total incentive by an amount not to exceed $40,000 for a total incentive not to exceed $430,000 and provides a sixteen-month (16) extension that the Developer must complete improvements on or before December 31, 2022, effective upon signature by the City Manager or designee.
Sponsors: Downtown Management District
Attachments: 1. TIRZ #3 Agenda Memo - Amendment No 2, 2. Ward Building Permit Fee Assistance Request, 3. Amendment No 2 Ward Building, 4. TIRZ #3 PPT - Ward Building Rendering

Title

Motion approving Amendment No. 2 to the Downtown Development Reimbursement Agreement with Peoples Street Project, LLC (Ward Building) for the property located at 541 N Chaparral St which increases the total incentive by an amount not to exceed $40,000 for a total incentive not to exceed $430,000 and provides a sixteen-month (16) extension that the Developer must complete improvements on or before December 31, 2022, effective upon signature by the City Manager or designee.