24-531
Authorize a tax increment financing (“TIF”) development agreement and all other necessary documents in an amount not to exceed $1,778,000.00 (“TIF Subsidy”) payable from current and future Transit-Oriented Development (“TOD”) TIF District funds with UCR Development Services LLC and/or its affiliates, in consideration of the Lancaster-Corning Retail Development Project on property currently addressed at 3011 through 3039 South Lancaster Road in Tax Increment Financing Reinvestment Zone Number Seventeen (“TOD TIF District”) - Not to exceed $1,778,000.00 - Financing: TOD TIF District Fund (subject to annual appropriations from tax increments)
What this record is
- Held by
- UCR Development Services LLC
- Amount
- $1.78M
- 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
- Office of Economic Development
- Requested by
- Office of Economic Development (ECO)
- Introduced
- February 3, 2024
- On agenda
- February 28, 2024
- Enactment no.
- 24-0356; APPROVED AS AN INDIVIDUAL ITEM