Agenda Item Title:
Title
Recess of City Council and convene a meeting of the Sandy City Redevelopment Agency
Body
Presenter:
Nick Duerksen and Jason Burningham, Financial Consultant with Lewis Young Robertson and Burningham
Body
Description/Background:
1. Motion to convene Redevelopment Agency meeting
2. Discussion regarding an Addendum to the Purchase Sale Agreement with the KC Gardner Company L.C., relating to certain vacant land located between Monroe Street and I-15, just South of Sego Lily Dr.
3. Discussion regarding an Addendum to the Tax Increment Participation Agreement with the KC Gardner Company L.C. relating to new commercial development within the Civic Center North Redevelopment Project Area.
4. Discussion regarding an Addendum to the Purchase Sale Agreement providing, generally, for the sale of certain vacant land located just north of the Shops at South Town along Monroe Street, to Raddon Summit, LLC.
5. Discussion regarding an Addendum to the Tax Increment Participation Agreement with Raddon Summit, LLC relating to the new commercial development within the Civic Center North Redevelopment Project Area.
6. Discussion and presentation of documents and process for the UDOT State Infrastructure Bank loan for the Summit Project
7. Approval of minutes:
October 19, 2021
8. Motion to adjourn Redevelopment Agency meeting.
.
Further action to be taken:
Recommended Action and/or Suggested Motion:
Recommendation
Motion to approve minutes from October 19, 2021