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Administrative payment for Bexley/Lumen project deferred to January
Summary
An administrative payment tied to the Bexley/Lumen project will be postponed while the administrative report is finalized between the new property owner and DDA counsel; the board said the new ownership group will make the payment.
The agenda contained a placeholder for the 2025 administrative payment tied to the Bexley/Lumen project; the Chair said the administrative report between the property owner and DDA counsel is still under review and the item will be postponed to the January meeting.
A committee member asked whether the new ownership group will make the payment; the committee member and staff confirmed that the new ownership group will be responsible. The Chair said the matter should be straightforward once counsel and the property owner complete the administrative report and documentation.
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