Council approves tenant-improvement reimbursement for Sherwin-Williams project

At its July 24 meeting, the Volus City Council approved on second and final reading an item authorizing reimbursement under the Retailer Commercial Tenant Improvement Program for Holodos Development Corporation, described in the meeting as the Sherwin-Williams project. Councilmember Sanders moved the motion to approve; a second was provided by Councilmember Solis. The council approved the item by voice vote.

Council members described the item as identical in form to a prior item (the Twin Brothers Hospitality Group reimbursement) but for a different applicant and program line. One councilmember said, "That's pretty much the same thing I said, for the previous agenda item. So, fully support." Another said, "No issues. Look forward to welcoming them to the Lotus." The council chair called for the ayes and the motion carried.

The transcript identifies the program as the Retailer Commercial Tenant Improvement Program; it does not specify a dollar ceiling for this specific Holodos item during the recorded discussion. Council members said reimbursements under these programs are tied to submitted invoices and program percentage limits, meaning the city will reimburse actual eligible costs rather than any higher notional cap if the applicant’s documented costs are lower. The council did not request additional study or place conditions on approval during the meeting. The meeting adjourned shortly after the vote.