Title
Consider/Discuss/Act on an Amendment to the Chapter 380 Economic Development and Project Plan Implementation Agreement with Alison Croft for the Fa?ade Improvement Project at 106-110 Tennessee Street
Summary
MEETING DATE: February 6, 2017
DEPARTMENT: Planning
CONTACT: Samantha Pickett, Planning Manager
Brian Lockley, AICP, Director of Planning
RECOMMENDED ACTION:
* Staff recommends approval of the amendment extending the deadline for the completion of the fa?ade improvements to March 31, 2017 as outlined in the proposed amendment.
ITEM SUMMARY:
* The proposed amendment to the Chapter 380 Economic Development Agreement with Alison Croft is to extend the deadline of the obligation to complete the fa?ade improvements by approximately 30 days (from February 28, 2017 to March 31, 2017).
* Under the agreement approved by the TIRZ #1 Board on May 17, 2016, C.P.P., Ltd. were to:
(1) Fa?ade improvements consisting of reconstructing the lintel, replacing the windows and doors, and restoring the brick fa?ade to maintain the historic nature of the building.
(2) Receive a "green tag" inspection of the improvements by February 28, 2017.
* Due to delays with the contractor, permitting and unforeseen structural issues with the building, the fa?ade improvements have been delayed and as such may be unable to be completed by the stated February 28, 2017 deadline.
* Under the proposed amendment, the specific obligations of Alison Croft to construct fa?ade improvements are amended as follows:
o Alison Croft shall fund and complete the Project on or before March 31, 2017, and shall receive a final "green tag" inspection for the Project at the historic building at 106-110 Tennessee Street on or before that date
* Except as specifically amended above, all terms and provisions of the original agreement will remain in full force and effect.
BACKGROUND INFORMATION:
* The TIRZ #1 Board approved a Chapter 380 Development and Project Plan Implementation Agree...
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