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Council reviews Donna Reed Foundation development agreement; asks to place it on next agenda
Summary
City Manager Garcia said the City must execute a development agreement with the Donna Reed Foundation because the City is passthrough for a Community Catalyst Grant; the proposed agreement includes tax abatement, permit‑fee waivers and potential Tourism Board funding. Council asked to add the agreement to the next agenda for approval.
City Manager Garcia told the council that because the City is acting as the passthrough for a Community Catalyst Grant, it must enter a development agreement with the Donna Reed Foundation (DRF).
Garcia said the proposed agreement would include a tax abatement, a waiver of permit fees and the possibility of grant funding from the Tourism Board. The document would also designate the City as the requestor of funds and outline the reimbursement process to the DRF.
Council members asked that the development agreement be placed on the next council agenda for formal consideration and potential approval. No vote was taken at the Sept. 23 meeting.
