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Council committee reviews F Street development proposal and TIF request for 1405 S. 92nd St.
Summary
Staff presented a proposed $37 million redevelopment at 1405 South 92nd Street by a developer described in the transcript as 'F Street 90 Second LLC,' including a $13.15 million requested TIF over 24 years and a 6% profit‑sharing clause; some figures in the transcript appear inconsistent and are flagged for verification.
City staff presented terms for a redevelopment project at 1405 South 92nd Street proposed by a developer identified in the transcript as 'F Street 90 Second LLC.' Speaker 1, presenting for the Community Development Authority (CDA)/staff, said the developer would purchase the site from the CDA for $860,000, that the CDA previously loaned about $990,000 (to…
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