EDA reports progress on Block 34 TIF analysis, approves consultant contracts
Tracy (EDA liaison) told the council the economic development authority approved an interfund loan to support exploration of a Block 34 TIF, authorized contracts with Northland Securities and consultant firms (WSB, LHB) for analysis and assessments, and denied a mortgage-subordination request tied to an EDA loan.
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Tracy, reporting for the Economic Development Authority, summarized multiple EDA actions tied to Block 34 redevelopment. "We approved a professional services contract with Northland Securities related to the potential TIF district analysis and plan preparation for Karlsberger Foods proposed facility expansion," Tracy said, and she reported approvals of WSB and LHB contracts for environmental and blight/substandard analysis, plus a right-of-entry to allow consultants on EDA-owned property.
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