24-1526
Authorize a fourth amendment to the Tax Increment Development, Chapter 380 Grant, and Chapter 380 Loan Agreement (“2018 TIF/Chapter 380 Agreement”) with WCWRD Inc and its affiliates or subsidiaries (“Developer”), approved as to form by the City Attorney, related to the Reimagine RedBird Mall Redevelopment Project (“Project”), now known as the Shops at RedBird, generally located at the southeast corner of Camp Wisdom Road and Westmoreland Road in the Mall Area Redevelopment TIF District, specifically including modifications to Section 2.C(7), Section 2.D(2), and Section 5.E as further described below, and any modifications to any other associated Project documents as may be necessary to effectuate the specific modifications described below; and as consideration for the fourth amendment, increase the Developer’s minimum Investment Requirement by $15,000,000.00 for the Project from $135,000,000.00 to $150,000,000.00 - Financing: No cost consideration to the City
What this record is
- Held by
- WCWRD Inc 2 records across this site
- Amount
- $150.0M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- amendment
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Read automatically from the title of the official record. The source document below is authoritative.
WCWRD Inc also holds
Upcoming Agenda Item: Authorize an amendment to the Tax Increment Development, Chapter 380 Grant, and Chapter 380 Loan Agreement (“2018 TIF/Chapter 38…- Committee
- Office of Economic Development
- Requested by
- Office of Economic Development (ECO)
- Introduced
- April 26, 2024
- On agenda
- May 22, 2024
- Enactment no.
- 24-0779; APPROVED
Where it was heard
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