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Finance committee recommends redevelopment incentive of $1,990 for 629 First Street
Summary
The LaSalle Finance Committee voted to recommend that the full City Council approve a redevelopment incentive grant for a storefront at 629 First Street, with the city share set at $1,990.
The LaSalle City Council Finance Committee voted to recommend that the full City Council approve a redevelopment incentive grant to support work at 629 First Street, with the city contribution recorded as $1,990.
Committee members discussed three bids for the work and identified $19.90 (interpreted in the packet as $19.90 per unit of cost, with the city responsible for half of the eligible amount). A motion was made and the committee took a roll-call recommendation vote; Alderman Dimas, Alderman Thompson, Alderman Reynolds, Alderman LaVey and Alderman Jepsen voted aye.
The applicant was identified in the discussion as Terry Mertens and the business as Burnaby’s; committee members noted the lowest bid was being used to calculate the city’s share. The recommendation will be forwarded to the full City Council for final approval and any spending will be subject to council action.
Background: Committee members reviewed the redevelopment incentive program and the submitted bids. The recommendation was procedural — a referral to the council — rather than final authorization for payment.
Next steps: The committee’s recommendation will appear on the next City Council agenda for a final vote.
