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SUBSTITUTE Amending the 2026 EDD Capital Budget (TID 56) and authorizing the Mayor and City Clerk to execute a development agreement to fund a $2,900,000 Tax Incremental Finance Loan to GT Apartments, LLC, or its assigns to construct approximately 302 units of affordable housing and approximately 148 parking stalls located at 6518 & 6526 Grand Teton Plaza in a proposed creation to Tax Incremental District (TID) 56 (District 19).

Resolution Passed Introduced May 12, 2026

What this record is

Held by
GT Apartments, LLC
Amount
$2.90M
Runs until
no end date published in this record
Type
amendment
Field
Construction

Read automatically from the title of the official record. The source document below is authoritative.

Committee
Economic Development Division
Requested by
FINANCE COMMITTEE
Introduced
May 12, 2026
On agenda
June 9, 2026
Passed
June 9, 2026
Enacted
June 10, 2026
Enactment no.
RES-26-00341

Where it was heard

COMMON COUNCIL Jun 9, 2026 Adopt Unanimously Pass FINANCE COMMITTEE Jun 1, 2026 RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER Pass COMMON COUNCIL May 19, 2026 Refer Pass