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File #:
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25-3040A
Version:
1
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Name:
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Type:
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BRIEFING MEMOS
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Status:
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Agenda Ready
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On agenda:
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11/3/2025
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Final action:
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Title:
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Upcoming Agenda Item: Authorize a Chapter 380 economic development grant agreement and all other necessary documents with RG University Hills, LLC and/or its affiliates in an amount not to exceed $23,500,000.00 in consideration of the Rivulet Phase 1 Project, a mixed-use and master-planned development on real property currently addressed as 6400 University Hills Boulevard, in accordance with the Economic Development Incentive Policy - Total not to exceed $23,500,000.00 - Financing: Economic Development & Housing Development Fund ($503,533.00), ECO (I) Fund ($1,721,521.00), Economic Development (G) Fund ($14,411,515.00), and Infrastructure Investment Fund ($6,863,431.00) (subject to current and annual appropriations) [Kevin Spath, Director, Office of Economic Development]
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Attachments:
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1. Memorandum
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title
Upcoming Agenda Item: Authorize a Chapter 380 economic development grant agreement and all other necessary documents with RG University Hills, LLC and/or its affiliates in an amount not to exceed $23,500,000.00 in consideration of the Rivulet Phase 1 Project, a mixed-use and master-planned development on real property currently addressed as 6400 University Hills Boulevard, in accordance with the Economic Development Incentive Policy - Total not to exceed $23,500,000.00 - Financing: Economic Development & Housing Development Fund ($503,533.00), ECO (I) Fund ($1,721,521.00), Economic Development (G) Fund ($14,411,515.00), and Infrastructure Investment Fund ($6,863,431.00) (subject to current and annual appropriations) [Kevin Spath, Director, Office of Economic Development]
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