Commission discusses ratifying economic‑development agreement for 'Flats on Old Farms' with $5M state support
Staff asked the commission to ratify an economic development agreement for the Flats on Old Farms project, saying the developer will reimburse fees and the state has committed roughly $5,000,000; staff proposed an MOU and further details before final TIF bond action.
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Commission staff described an economic development agreement for the Flats on Old Farms project that was entered in February and asked the Redevelopment Commission to ratify that agreement. Staff said the developer will reimburse fees associated with project work and noted the county commissioners will sign a related MOU before the commission sees final bond documents.
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