Common Contracts

1 similar Development Incentive Agreement contracts

RE: Holiday Inn Express Development Agreement
Development Incentive Agreement • February 10th, 2005

The purpose of this memorandum is to seek approval for the Mayor to enter into a redevelopment agreement with Champaign–Urbana Motels Partners to construct a 72- room Holiday Inn Express Motel and to initiate cooperative planning efforts to expand adjacent convention and meeting center facilities. The initial investment by the developer is a minimum $4,000,000. To undertake this development an infrastructure extension cost of

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