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TIFA schedules finance committee meeting to review Stream rental rates and Sandmold/Sinto lease (expires May 2025)

Tax Increment Finance Authority (TIFA) Regular Board · October 18, 2024
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Summary

City Manager Jon Schneider told the board the current Stream lease with Sandmold/Sinto expires in May 2025 and the board reached consensus to schedule a TIFA Finance Committee meeting to review rental rates and the lease agreement, with findings to be returned at the January meeting.

Jon Schneider updated the board on nearby development projects and told members he plans to convene a TIFA Finance Committee to discuss Stream rental rates and the Stream lease agreement with Sandmold/Sinto. Schneider noted that "the current lease agreement with Sandmold/Sinto expires in May 2025," and the board agreed by consensus that staff should schedule a finance committee meeting and report back at the January TIFA meeting.

No formal vote on lease terms or rental rates occurred at this session; the Finance Committee meeting is intended to gather information and develop recommendations for the full board.