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Olivette holds first reading on TIF amendment for Olive Crossing; second reading set for June 10
Summary
Council heard a summary of Bill 3045, a proposed second amendment to the redevelopment agreement for the Olive Crossing (Gateway I-170) TIF; changes include extended timelines for substantial completion, minority contracting clarifications, Lot 6 hotel notification requirements and an administrative fee adjustment.
City staff presented a summary of Bill 3045, a proposed second amendment to the second amended and restated redevelopment agreement and related indenture for the Gateway I-170 (commonly called Olive Crossing) tax increment financing (TIF) redevelopment plan. The council did not take action; a second reading was scheduled for June 10.
City staff said the amendment…
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