Madras redevelopment panel approves $500,000 grant commitment for Gold Beach Lumber Yard
The Madras Redevelopment Commission approved an urban renewal grant agreement for Gold Beach Lumber Yard, LLC, committing $500,000 to be paid at certificate of occupancy and directing staff to correct contract language and address tax efficiency and access-road cost concerns.
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The Madras Redevelopment Commission approved an urban renewal grant agreement for Gold Beach Lumber Yard, LLC on March 10, voting 11-0 to authorize the chair to sign the agreement. Community Development Director Nick Snead told commissioners the agreement follows the format used for previous downtown projects and would make grant funding available at certificate of occupancy to ensure project completion and generate taxable revenue.
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