Laserfiche WebLink
._ :��. � �� .,. . . ..� _. _ ._ _____ _ . � � �� �. - �--�__ __ : :: � . <br />IYIOUNDS 'VIEW ECONOMIC DEVELOPMENT AU']CHORITY <br />REQUEST FOR EDA C�NSIDERATI�N <br />STAFF REPORT <br />EDA l�f�ETING DATL May 9, 1994 (Work Session) <br />EDA Actiou: <br />❑ Special Order of Business Agenda Section: 2. <br />❑ Public Hearinbs Rcport Number: <br />❑ C�iisclit Agc;ncla Itcpurt Datc: 5-5-9 <br />❑ CDA Busi►�css <br />Itcni Dcscrip�ion: Discussion Regarding Agreement on Future TIF Assistance for <br />Business Park <br />Executive Director's IZeview/Recommendation: <br />- No comments to supplement tliis report <br />- �011llll(;Il[S 111t:1C�1CCr <br />Lxplauil[lOI1�SUt11I11111"y (atlach suNplcmcnt shcets ;is nea:ssary) <br />SUMNGIRY: <br />Jim O'Meara has drafted the attached Agreement for consideration by the <br />EDA Commissioners. It represents a non-bindina agreement by which the EDA <br />and Everest will have agreed upon some broad guidelines for future tax <br />increment assistance for the completion of the Business Parke <br />The Agreement has been prepared only to represent a possible solution to <br />the on/off, on/off discussions that have been held with Everest for the <br />past year and a half regarding the level of TIF assistance (if any) that <br />the City (henceforth to be the EDA) would provide for projects within the <br />Business Park. <br />The Agreement sets forth some of the basics that have been finalized in <br />regards to the Agreements both with Hill and Multi-Tech and represents <br />guidelines by which both the EDA and Everest may use in negotiating <br />future developments. <br />No action is requested other than discussion of the merits of or <br />objections to such an agreement. <br />�, <br />i� � ; � � � ' <br />, � � '.�� i . <br />Samantha�Ordu o, Executive Director <br />RrCO�i��f ENDATIUN: <br />