260379
Sponsor: City Manager’s Office Reducing a revenue estimate and appropriation in the amount of $4,166,667.00 within the General Obligation Series 2022A Question 1 Fund originally established for the Promise Place housing project; estimating and appropriating surplus TIF revenue in the amount of $1,100,000.00 from the anticipated termination of the Blue Ridge Mall TIF Plan and providing for an additional appropriation from the Shared Success Fund for the Promise Place housing project; restating the City Manager’s authorization to execute an agreement with the Promise Place, LLC for utilization of funds appropriated herein; modifying the timeline for substantial completion of the project; and recognizing this ordinance as having an accelerated effective date. Finance Committee recommends “Advance and Do Pass.”
What this record is
- Held by
- Promise Place, LLC
- Amount
- $4.17M
- Runs until
- no end date published in this record
- Type
- contract
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Council
- Introduced
- April 21, 2026
- On agenda
- May 14, 2026
- Passed
- May 14, 2026