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Title:
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Upcoming Agenda Item: Authorize an amendment to Resolution No. 21-1147 previously approved by City Council on June 23, 2021 authorizing a tax increment financing (“TIF”) development agreement with Woodall Rodgers Park Foundation (“Foundation”) in an amount not to exceed $3,000,000 for the design and construction of the Phase 2 expansion of the Klyde Warren Park project (“KWP2”), payable from City Center Tax Increment Financing District funds, to update all KWP2 project deadlines and, as consideration for the amendment, add a new requirement for the Foundation to invest a minimum of $22,500,000 in the design and/or construction of KWP2, in accordance with the City’s Economic Development Incentive Policy – No cost consideration to the City [Tamara Leak, Deputy Director and Urban Core Initiatives Officer, Office of Economic Development]
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