Fiscal Note
General Obligation Debt |
$(8,000,000) |
Other Funding |
$0 |
Total |
$(8,000,000) |
Levy Impact: |
$(1,036,037) |
Title
SUBSTITUTE - CAPITAL BUDGET AMENDMENT # 12 - Planning and Community and Economic Development / No. 6 - TID 32 - State St. Corridor, p. 121, 148
Body
See attached substitute.
Within substitute, replace the wording "As part of the Development Agreement between the developer of the hotel and the City, developer will:" with "Prior to providing TIF assistance for the hotel project, a development agreement between the developer of the hotel project and the City must be approved by the Common Council, and must:"
Add attached Verveer amendment to end of substitute.