Improvement Reimbursement Agreement Sample Contracts

ADMINISTRATION MEMORANDUM 12-17
Improvement Reimbursement Agreement • December 8th, 2017

FROM: Debbie Tuttle, Economic Development Manager & NURA Executive Director SUBJECT: Evergreen Marketplace LLC – Improvement Reimbursement Agreement

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REVISED 9/15/16
Improvement Reimbursement Agreement • September 13th, 2016 • Colorado

Concentus Partners, LLC purchased two buildings: 10699 Melody Drive (European Market) and 10701 Melody Drive (Wells Fargo Building) for $4M. Exterior improvements to 10701 Melody Drive are estimated at $625,00Atta0, and interior improvements to both buildings are estimated at $700,000 (Exhibit B – Improvements). Total costs are estimated at $1,325,000. To assist in the financial gap to revitalize these buildings and properties (Exhibit A – Legal Description), Concentus is requesting NURA’s consideration of a business incentive for $450,000. See attached Business Assistance Incentive (Exhibit C).

FORT PEARCE WASH RIP RAP IMPROVEMENT REIMBURSEMENT AGREEMENT (Fieldstone Phase 6)
Improvement Reimbursement Agreement • March 20th, 2020 • Utah

This Fort Pearce Wash Rip Rap Improvement Reimbursement Agreement (the “Agreement”) is entered into this ______ day of, 2020, between the City of St. George, a municipal corporation of the State of Utah (hereinafter “City”), and Ledges at Snow Canyon, LLC, a Utah limited liability company, (hereinafter “Owner”). City and Owner are hereinafter collectively referred to as the “Parties.”

Contract
Improvement Reimbursement Agreement • February 12th, 2021 • Utah

This 1450 East Improvement Reimbursement Agreement (the “Agreement”) is entered into this day of , 2020, by and among the City of St. George, a municipal corporation of the State of Utah (hereinafter the “City”), Foremaster Holding, LC, a Utah limited liability company (hereinafter “Foremaster”), and Foremaster, LLC, a Utah limited liability company, R & M Randall, L.L.C., a Utah limited liability company, Mary Alice F. Gates, Trustee of the Mary Alice F. Gates Revocable Trust, dated July 23, 1981, and MJBTCB Development Properties, LC, a Utah limited liability company (the “Foremaster Affiliates”). City, Foremaster and the Foremaster Affiliates are hereinafter collectively referred to as the “Parties.”

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