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Developer shows completed Quimby project as authority approves Brownfield reimbursement and assignment of reimbursement agreement
Summary
The authority approved $619,494 in eligible Brownfield reimbursements (current payment $121,137) for the Talbot Quimby project and approved assignment/assumption of the development reimbursement agreement for the same project; developer Ryan Talbot presented photos and said the building is fully occupied.
Board members reviewed a completed Brownfield project and approved reimbursements and an administrative assignment tied to the project’s sale.
Christian (staff) explained that Talbot Quimby LLC’s redevelopment at 220 Quimby Street NE is complete and requested Brownfield‑eligible reimbursements totaling $619,494, with a current payment of $121,137 available from tax increment capture on hand. Christian said the reimbursement will be paid over…
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