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File #: ID 24-0049    Version: 1 Name:
Type: Action Item Status: Passed
File created: 1/12/2024 In control: City Council
On agenda: 1/23/2024 Final action: 1/23/2024
Title: Action on a Developer's Agreement for Tax Increment District #15.
Attachments: 1. Memo, 2. Developer's Agreement

Title

Action on a Developer’s Agreement for Tax Increment District #15.

 

Body

Summary:

Request to approve the Developer’s Agreement between the City of Brookings and Minor Investments Family LLLP, for Tax Increment Financing District #15.  The agreement details the total project costs eligible for reimbursement and the terms of tax increment revenue payment to the developer from Tax Increment Financing District #15.

 

Recommendation

Recommendation:

Staff recommends approval.

 

Body2

Attachments:

Memo

Developer’s Agreement