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Downtown Development Authority approves TAVA TIF agreement with Tava House Properties LLC
Summary
The board approved Resolution 2026-04 to adopt a TIF agreement with Tava House Properties LLC, authorizing nonmaterial clerical changes and empowering the chair and secretary to sign; the motion passed with one abstention.
The Downtown Development Authority voted to approve Resolution 2026-04, adopting a tax-increment financing agreement with Tava House Properties LLC and authorizing the chair and secretary to execute the document. Josh, the board chair, presented the resolution and said it "just approves the TAVA TIFF agreement, which follows what the board already voted to approve at its prior meeting um in March."
Bourne moved to approve the resolution. The board recorded a roll-call approval with Bourne, Cabrera and Jones voting yes and Mihares recording an abstention; the resolution was approved and the chair said it would be signed at the end of the meeting. The resolution also delegated authority to DDA staff to make clerical or nonmaterial changes to the agreement if needed.
The action formalizes board authorization to finalize the agreement tied to the Tava project. The board’s approval follows earlier discussion and a prior vote in March; staff did not present additional fiscal figures during the motion. The chair said the authority to sign would be exercised after the meeting.
The board did not vote on additional funding here. The next procedural step described by the chair is signature and execution of the approved agreement.
