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File #: 2021-4320    Name:
Type: Report Status: Filed
File created: 8/17/2021 In control: City Council - Regular Session
On agenda: 8/24/2021 Final action: 8/24/2021
Title: Update on Downtown Market Plaza Project
Attachments: 1. Downtown Market Plaza Status Report

Title

Update on Downtown Market Plaza Project                    

 

Body

Issue/Request:

Monthly update on the status of the Downtown Market Plaza Project.

 

Background:

The Development Structure Agreement for the Downtown Market Plaza project among the City, Lane4 Property Group, Inc. (“Lane4”), and Biederman Redevelopment Ventures (“BRV”) was executed on May 21, 2021.  When that Agreement was approved, City staff committed to providing the City Council with a monthly update regarding the status of the project.

 

Impact/Analysis:

The project is proceeding on schedule.  The attached memorandum provides details about the primary events over the last month.

 

Presenter

David Bushek, Chief Counsel on Economic Development & Planning

Mark Dunning, Assistant City Manager

 

 

Recommendation

No action is requested and this is only an update for information purposes.