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Council OKs South Main Street area-of-benefit and $1.119 million for Marketplace at Main improvements
Summary
Council approved formation of the South Main Street widening and improvements area-of-benefit district and authorized $1,017,691 in development-agreement fees plus a $101,769.10 contingency (total $1,119,460.10) to fund an unfunded portion of the Marketplace at Main improvements; developer expects to begin construction within weeks.
MANTECA — The Manteca City Council on June 17 adopted a resolution forming the South Main Street widening and improvements Area of Benefit (AOB) and approved an improvement agreement for the Marketplace at Main shopping center.
The council authorized the use of $1,017,691 in development agreement fees and a contingency not to exceed $101,769.10 — a total of $1,119,460.10 — to fund the unfunded portion of public improvements at the Marketplace at Main. The motion passed on a roll-call vote (4–0).
Why it matters: The AOB establishes a mechanism for the…
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