CouncilTrac · Matter

Assign TIF Zone No. 1 development agreement for Brick Row to new ownership entity

Approved Resolution

What this is

The council is asked to approve transferring the existing TIF Zone No. 1 Infrastructure Reimbursement, Grant and Development Agreement — originally with Centennial Park Ltd. and related entities — to SHLP Brick Row, LLC and related entities, reflecting a change in ownership.

Council action

Approved Via consent agenda

Motion to approve the Consent Agenda as presented

Moved by Ken Hutchenrider. Seconded by Arefin Shamsul.

7 yes · 0 no

The approved minutes report the tally without a name-by-name roll call.

Timeline

Appearances on agendas

  • Item 8B Approved

    City Council — August 8, 2022

    Authorize city manager to execute assignment of TIF development agreement

    Official agenda language

    AUTHORIZE THE CITY MANAGER TO EXECUTE AN ASSIGNMENT TO THE TIF ZONE NO. 1 INFRASTRUCTURE REIMBURSEMENT, GRANT AND DEVELOPMENT AGREEMENT WITH CENTENNIAL PARK LTD. AND RELATED ENTITIES TO SHLP BRICK ROW, LLC. AND RELATED ENTITIES AND TO EXECUTE ANY FURTHER ASSIGNMENTS AND AMENDMENTS OR OTHER INSTRUMENTS RELATED TO THE AGREEMENT.

Documents

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