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Council approves amended $550,000 subsidy term sheet for UG2 Tulare to support infrastructure for Maverik and Chick-fil-A
Summary
The Tulare City Council approved an amended economic-development subsidy Jan. 7 that raises the citys commitment to UG2 Tulare LLC from $200,000 to $550,000 to help cover newly revealed utility and gas-line costs for a commercial project at Cartmill Road and Highway 99.
The Tulare City Council on Jan. 7 approved an amendment to an economic-development subsidy term sheet with UG2 Tulare LLC increasing the previously approved subsidy from $200,000 to $550,000 to offset higher infrastructure costs, including gas-line and electric utility installation required to serve six acres at the southeast corner of Cartmill Road and Highway 99 (item 7.2).
Tracy Myers (staff) told council the earlier $200,000 subsidy was based on increased costs tied to a…
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