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RDA and council approve participation and disposition agreements for Block 1 redevelopment
Summary
Murray's RDA and city council approved participation, reimbursement and disposition agreements enabling the Block 1 development (Rockworth Companies); RDA committed up to $3 million toward a parking structure and up to $1.5 million for gas-line relocation if required. Votes were recorded by roll call.
The Redevelopment Agency (RDA) and the municipal council approved a series of resolutions and disposition agreements to implement the Block 1 development with Rockworth Companies.
RDA staff explained the package contains two categories of property (city-owned and RDA-owned parcels) and the legal mechanics for conveying specified RDA parcels to the developer under the previously negotiated development agreement.…
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