10 13 25 Economic Development Authority Meeting
Downtown redevelopment project status
Tax increment financing (TIF) analysis and subsidy negotiation
Phase two environmental investigation (vapor testing)
Substandard building certification for the museum
Developer pro-forma review and return on investment
Sewer access charge (SAC) credit evaluation
Full Document Analysis
Votes (2)
Adopt evening's agenda
Moved by Francis · Seconded by Berock
Approve minutes of September 8th meeting
Moved by Francis · Seconded by Warden
Notable Quotes (2)
If we drop by 300,000 that takes you below that threshold.
I would be willing to go with a 5% difference here. Especially because there is a lot of unknown with it.
People (6)
MarkCity PlannerManaging negotiations with the developer and environmental consultants.
1 quote
Managing negotiations with the developer and environmental consultants.
“My proforma is still a little bit shy of where I think it needs to be for for me to feel really comfortable moving forward.”
Explaining the developer's request for additional city financial assistance.
FrancisBoard MemberParticipated in voting and discussions regarding project financial viability.
Participated in voting and discussions regarding project financial viability.
BerockCommissionerAdvocated for keeping city fees in place and managing TIF risk.
Advocated for keeping city fees in place and managing TIF risk.
WardenCommissionerInvolved in financial deliberations regarding the 75/25 TIF split.
Involved in financial deliberations regarding the 75/25 TIF split.
CoanderAdministratorAttending and recording meeting minutes.
Attending and recording meeting minutes.
TammyConsultantAnalyzed developer pro-formas and TIF impacts.
Analyzed developer pro-formas and TIF impacts.
Places Mentioned
Events & Meetings (2)
- October 13th, 7:00 PM: Economic Development Authority meeting
- September 8th: Previous EDA meeting