Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Council authorizes applying for EDA grant for McClellan redevelopment; developer to cover match if funded
Summary
Staff presented a resolution to designate the McClellan redevelopment as an economic development catalyst project and to authorize applying for an EDA grant to pay for infrastructure; staff said the developer agreed to cover any required matching funds if the grant is awarded and that the authorization does not commit city funds.
Staff explained the city’s proposal to designate the McClellan redevelopment as an economic-development catalyst and to authorize city officials to apply for an Economic Development Administration (EDA) grant to help pay infrastructure costs. The staff representative said the designation recognizes the project’s potential to spur additional residential development at McClellan and that the resolution "gives the city officials the authorization to apply for an EDA grant that we have identified... that could help with a lot of the infrastructure, which is the most costly thing right now with the project."
A council member asked whether the city would be responsible for grant matches; staff replied that under the existing agreement with the developer, any required matching funds would be paid by the developer if the grant is awarded. Staff emphasized that the authorization is to apply only and does not currently commit the city to funding the project.
