Laserfiche WebLink
unless the City supports the financial assistance amount requested and recommended by the EDA. <br />Funding Source: <br />This case is being handled as part of normal Staff duties. If financial assistance is provided, TIF District 14 will <br />be the funding source and an interfund loan will need to be established. <br />Recommendation: <br />At the January 12, 2023 meeting the EDA adopted a motion to recommend to the City Council to approve the <br />First Amendment to Purchase Agreement, Business Assistance and a TIF Agreement in the form of $434,511 in <br />TIF Land Cost Write Down and $550,000 in Pay -Go TIF for Site Development/Improvements, <br />Action: <br />Motion to Adopt Resolution #23-034 Approving First Amendment to Purchase Agreement for Ramsey <br />Properties, LLC (as presented); subject to City Attorney Review. <br />Attachments <br />Site Location Map <br />ACTION - Resolution #23-034 <br />ACTION - First Amendment to PA <br />Business Assistance Application <br />Ehlers Analysis Memo <br />TIF Run - 40% Admin <br />Reference #22-185 <br />REFERENCE - Executed Purchase Agreement Schiebout <br />REFERENCE - DRAFT EDA Minutes 1.12.23 <br />Inbox <br />Sean Sullivan (Originator) <br />Brian Hagen <br />Form Started By: Sean Sullivan <br />Final Approval Date: 01/19/2023 <br />Form Review <br />Reviewed By <br />Sean Sullivan <br />Brian Hagen <br />Date <br />01/18/2023 03:07 PM <br />01/19/2023 12:15 PM <br />Started On: 01/13/2023 05:12 PM <br />