EDC directs staff to draft 380 reimbursement agreements for two North Main redevelopment sites
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Summary
The Joshua City Economic Development Corporation directed staff to draft separate Chapter 380 reimbursement agreements for Renfield Properties Inc.'s projects at 204 and 207 North Main, citing drainage and sidewalk/parking infrastructure needs; no formal vote was required.
The Joshua City Economic Development Corporation directed staff to prepare two Chapter 380 reimbursement agreements to help cover infrastructure costs for Renfield Properties Inc.'s redevelopment projects at 204 and 207 North Main.
City staff member, presenting the request, said, "I put a short memo in your packet of a potential 3 80 agreement on that," and recommended separate agreements for each building to keep the paperwork neat. The staff member told the board Renfield had asked for help with parking, sidewalks, excavation and engineering related to drainage problems in the downtown area and that the reimbursements would be processed after the work was completed and paperwork submitted.
The projects include a retail center at 207 North Main and a multi-unit retail/residential building at 204 North Main. Renfield representatives present included Robbie Rumfield and Dusty Rumfield. Robbie Rumfield described the construction and infrastructure work already completed downtown and said some civil work, hydro studies and permitting fees had already been paid by the developer.
Staff noted the city has no formal storm drains downtown and said a considerable amount of excavation and engineering was required to address runoff and keep parking and sidewalks from being underwater. The staff member said Renfield did not request sales tax or property tax rebates, only reimbursement for some infrastructure work.
Board members asked for clarification about the difference in proposed reimbursements between the two addresses; the staff member said the $6,000 difference reflected a wider concrete base and additional work at 207 North Main. The staff member also reminded the board that a prior Chapter 380 agreement with Renfield for a parking lot had been completed and paid.
Rather than taking a formal vote, the board gave direction to staff to draft the two Chapter 380 reimbursement agreements (one per address) and return the agreements for approval at the next meeting. The staff member said the city would provide the draft contracts to Renfield ahead of that meeting.
Votes at a glance
- Approve minutes (Nov. 12, 2024): A motion to approve the Nov. 12, 2024 meeting minutes was made and seconded; the board voted "Aye" and the motion passed unanimously.
Ending
Staff will prepare two separate Chapter 380 reimbursement agreements for 204 and 207 North Main and bring the contracts back to the EDC for formal approval at the next meeting.
