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Council amends Economic Improvement Corporation grant agreement with Habitat for Humanity to allow earlier infrastructure payment
Summary
The council approved an amendment to an EIC grant agreement with Habitat for Humanity to allow the second tranche of infrastructure funding to be made available sooner so contractors can complete work, and added resale provisions if Habitat later reacquires homes.
The City Council on April 22 approved an amendment to an Economic Improvement Corporation (EIC) grant agreement with Habitat for Humanity to adjust the timing of infrastructure payments for the Mariposa subdivision and to add resale restrictions tied to the EIC covenant.
Council member discussion followed a request to pull…
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