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04-29-1996 EDA Packet
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04-29-1996 EDA Packet
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9/25/2019 10:51:48 AM
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EDA
EDA Document Type
EDA Packet
Meeting Date
04/29/1996
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t agreement outlines conditi+c ns for public assistance to <br />Taylor Corporation for the amstruction of near Taymark facility in the <br />Clearwater Creek Development Center. In the agreement the EDA agrees to <br />reimburse the developer $800,000 towards the cost of the property, special <br />assessments, and site improvements. A total of $2185,000 will be paid to the <br />developer °upfront,* upon issuance of the Certificate of Occupancy. The EDA will <br />reimburse the remaining $315,000 to the Taylor Corporation out of available tax <br />increment over a period of five years. <br />RECOMMENDATION: <br />[provide recommendation] <br />
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