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Council considers micro-TIF resolution for Danlex Property Group LLC apartment rehabilitation
Summary
Council introduced and moved to approve a micro-TIF resolution for Danlex Property Group LLC to rehabilitate apartments at 1404 and 1420 Rodeo Road; the item was moved and seconded and was under consideration at meeting close.
The council considered a micro-TIF resolution to support rehabilitation of existing apartment properties at 1404 and 1420 Rodeo Road owned by Danlex Property Group LLC. At the July 15 meeting the council moved to approve the resolution and the item was seconded; the city's housing/redevelopment staff had previously provided a blight and substandard study that would allow micro-TIF consideration for the rehabilitation.
Judy (city staff) reminded the council that the blight and substandard study for the Rodeo Road corridor had been approved at the prior meeting and that the micro-TIF tool was being used to support property rehabilitation. The motion to approve the resolution was made during the meeting; the transcript ends soon after and the final vote on the resolution was not included in the provided excerpt.
