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Board approves $20,000 amendment to Freddy’s incentive agreement; staff to review any additional funding requests
Summary
The board passed an ordinance amending Freddy’s Off the Chain’s original economic incentive agreement to reflect a $20,000 grant amendment; staff will assess any additional eligible expenses and return with recommendations.
The Village of Oswego approved a First Amendment to the economic incentive agreement for Freddy’s Off the Chain (Freddy’s Off the Chain Mexican Cuisine, Inc.), updating the original grant amount and adjusting the project timeline.
Why it matters: Freddy’s has been working with village staff toward a downtown opening for several years. The amendment recognizes a $20,000 grant portion of a larger incentive package tied to alley water main work and the village’s contribution to that public improvement. Trustees discussed whether additional funds were…
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