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Council approves amended professional services agreement to add TERS consulting for Rolling Meadows project
Summary
The council approved a resolution to amend and restate a professional services/reimbursement agreement with the Rolling Meadows Development Corporation to include consulting expenses tied to a developer request for a "TERS/Tax Incrementary Investment Zone." The city may see a related development agreement later this summer.
Kirk McDaniel presented a resolution that the Seagoville City Council approved to amend and restate a professional services/reimbursement agreement with the Rolling Meadows Development Corporation to add consulting expenses tied to the developer's request for a TERS, described in materials as a "Tax Incrementary Investment Zone." "The item that's on the agenda ahead of you now is a resolution that would…
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