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Title:
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RESO Auth the Mayor, or her Desig, & Corp Sec to Execute an Economic Dev Agrmt btwn the City & FOC QOF, LLC, to Support the Restoration & Renovation by Developer of 4 Parcels of Land: (1) Land & Bldgs Located at 2335 Market St, 2320 N. Liberty St, & 2336 N. Liberty St (The Phase 1 Improvements); & (2) Land & Bldgs Located at 2303 Market St (The Phoenix Building), & 2402 Market St, 2401 Hubbard St, & the Parcel Located at the SW Corner of Market St & 15th St E (The Bunker Building Improvements) (Collectively, the Phase 2 Improvements), to Include Restaurant Improvements, Artists’ Studios, Co-Working Spaces, Event Space, Office & Retail Space; Auth a 50%, 15 Yr REV Grant in the Max Amt Not to Exceed $1,500,000 in Connection with the Construction of the Improvements; Apv & Auth a Phase 1 Completion Grant in the Amt of $2,000,000 to the Developer Upon Substantial Completion of the Phase 1 Improvements, to be Approp by Subsequent Legislation... (Sawyer) (Req of Mayor) (Co-Sponsor CM Miller)...
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