Morgan City RDA approves amended incentive agreement with Comfort Inn operator
The Morgan City Redevelopment Agency on Dec. 10 approved an amended economic development incentive agreement with Revaba Morgan LLC, doing business as Comfort Inn and Suites, and removed a provision tying annual payment reductions to a single low collection year.
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The Morgan City Redevelopment Agency on Dec. 10 approved Resolution R-24-45, adopting an amended economic development incentive agreement with Revaba Morgan LLC, doing business as Comfort Inn and Suites. The board voted unanimously to adopt the resolution after staff described two changes requested by the hotel’s purchaser, including a date change and removal of a provision that would have reduced payments in a single low-collection year.
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