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EDA schedules July hearing to confirm citywide development district as financing option for police station ownership
Summary
The New Prague City Economic Development Authority voted to place a July public hearing on its agenda to declare the whole city an economic development district, a step staff said would allow the EDA to hold property and enable a lease-back financing option for the proposed police station while preserving other funding choices.
The New Prague City Economic Development Authority said it will hold a public hearing in July to ‘blanket the whole city as an economic development district,’ a move staff said would preserve options for financing and project ownership, including a potential EDA ownership and lease‑back arrangement for the proposed police station.
Executive director (introduced at the meeting) told the EDA the item will appear on the July agenda and that staff is working with the city attorney to locate existing district documents; if the documents cannot be found, the public hearing would establish the district citywide. “I will be putting on our agenda for July a public hearing just to hold that required public…
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