Legislation Details

File #: 24-3643    Version: 1 Name:
Type: BRIEFING ITEMS Status: Agenda Ready
File created: 11/19/2024 In control: Economic Development Committee
On agenda: 12/2/2024 Final action:
Title: Upcoming Agenda Item: Authorize a development agreement with West End Lofts, LP and/or its affiliates in an amount not to exceed $49,000,000 in consideration of the West End Lofts Project, a proposed mixed-use, mixed- income, and transit-oriented development project on real property currently addressed as 805 Elm Street, 711 Elm Street, and 211 N. Austin Street, located within and adjacent to the City Center TIF District - Financing: City Center TIF District Fund ($28,275,676.00) (subject to current and annual appropriations from tax increments), Public/Private Partnership Fund ($7,357,605.00), Economic Development (G) Fund (2024 General Obligation Bond Fund) ($7,724,324.00) (subject to current and annual appropriations), and 2012 General Obligation Bond Fund (Proposition 3: Economic Development/Housing) ($5,642,395.00) [Tamara Leak, Assistant Director (I), Kevin Spath, Director (I), Office of Economic Development]
Attachments: 1. Presentation
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Upcoming Agenda Item: Authorize a development agreement with West End Lofts, LP and/or its affiliates in an amount not to exceed $49,000,000 in consideration of the West End Lofts Project, a proposed mixed-use, mixed- income, and transit-oriented development project on real property currently addressed as 805 Elm Street, 711 Elm Street, and 211 N. Austin Street, located within and adjacent to the City Center TIF District - Financing: City Center TIF District Fund ($28,275,676.00) (subject to current and annual appropriations from tax increments), Public/Private Partnership Fund ($7,357,605.00), Economic Development (G) Fund (2024 General Obligation Bond Fund)  ($7,724,324.00) (subject to current and annual appropriations), and 2012 General Obligation Bond Fund (Proposition 3: Economic Development/Housing) ($5,642,395.00) [Tamara Leak, Assistant Director (I), Kevin Spath, Director (I), Office of Economic Development]

 

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