Committee approves amendment to Royaltyre TIF redevelopment agreement to allow broader commercial uses

The Brainerd City Finance Committee on April 6 approved a resolution to amend the redevelopment agreement for the Royaltyre TIF District, widening allowable uses at the site to any commercial service rather than only automotive repairs.

"With this amendment that has already been approved by the developer, the facility can be used for any commercial service, not just for automotive repairs in the original development agreement," said Connie, who presented the amendment and the resolution included in the packet. The packet also included a resolution adopting the first amendment to the contract for private redevelopment with DLP Investments LLC.

Committee members asked about project timing and tenant activity. One member noted delays related to Crescent Electric’s move; Connie said, "Still, as of March 31, there's no lag," and added there had been some activity but Crescent Electric was not open yet. Another committee member clarified Crescent is leasing rather than buying the building.

A motion to adopt the resolution was moved and seconded; Chair Gabe Johnson called for the vote and the motion carried. The committee did not provide a named roll-call tally in the meeting audio.

The amendment formalizes that the redeveloped facility may host a broader set of commercial operations, and staff presented the developer-approved amendment and an accompanying resolution for the committee's approval. The amendment was represented in the packet as the first amendment to the redevelopment agreement with DLP Investments LLC.