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Title:
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RESO Making Certain Findings, & Apv & Auth the Execution of an Economic Dev Agrmt btwn the City & Otto Aviation Group, LLC, to Support the Creation of a Company Headquarters & Manufacturing Facility within the City; Auth a 20-Yr Recapture Enhanced Value (REV) Grant in an Amt Not to Exceed $20,000,000; Apv & Auth the Execution of Docs by the Mayor, or Her Desig, & Corp Sec; Auth Appvl of Technical Amdts by the Exec Director of the OED; Prov for Oversight by the OED; Prov a Deadline for the Company to Execute the Agrmt; Affirming the Proj’s Compliance with the Public Investment Policy Adopted by Ord 2024-286-E; Req 2-Reading Passage Pursuant to Council Rule 3.305 (Sawyer) (Req of Mayor)
5/27/25 CO Introduced: F
6/3/25 F Approve 6-0
6/10/25 CO Approve 18-0
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