Common Contracts
1 similar Redevelopment Agreement contracts
TO: Mayor PrussingRedevelopment Agreement • December 8th, 2005
The purpose of this memo is to seek approval for the Mayor to enter into an amended redevelopment agreement with Bear Properties, LLC. The original development agreement was approved by the Urbana City Council in January of 2005. That agreement called for the developer to build a new “spec” retail building and for the City to subsidize the project annually for a ten-year period. The agreement further called for the City to vacate the Cunningham Avenue and Courtesy Road abandoned rights-of-way.
TO: Urbana City Council Members FROM: Bruce Walden DATE: December 29, 2004 RE: County Plaza Redevelopment AgreementRedevelopment Agreement • December 30th, 2004
The Champaign County Plaza facility is owned by County Plaza LLC, which is controlled by Mr. Joe Petry. The facility contains 90,000 square feet of Class A office space. The primary tenant, Health Alliance, will be relocating to Lincoln Square Village in June of 2005. In order to re-tenant this facility certain improvements and rehabilitation must be undertaken.
