Common Contracts
1 similar Redevelopment Agreement contracts
TO: Thomas Thomas SUBJECT: LRC Agreement DATE: Sept. 4, 2013Redevelopment Agreement • October 10th, 2020
In an effort to promote development of the Columbia Park area, LRC Developers along with City Staff are recommending approval of the attached redevelopment agreement. This agreement gives LRC ability to earn some TIF payments for qualified expenses up to $200,000 but only when the additional increment above any bond payments and only from increment generated from LRC property. This is intended to be the first step of a larger redevelopment effort between LRC Developers, Inc and the City of Rock Island.
