Item Coversheet
Meeting Date:
10/18/2022
Staff Contact:

Keith C. Rinehart 

Director of Community & Economic Development 


 
Agenda Items:

(4)(i)
E-mail:
krinehart@saginawtx.org
  Phone:8172300331

SUBJECT:
Consideration and Action regarding a Chapter 380 Economic Development Incentive Agreement with Blazing Hospitality (1005 N. Saginaw Blvd.)


BACKGROUND/DISCUSSION:

The proposed agreement is a Chapter 380 Agreement with Blazing Hospitality.  It addresses the demolition of the existing building at 1005 N. Saginaw Blvd. The building has been vacant for many years.  The purpose of the demolition is to support future development of the property.  The agreement sets forth the City's participation which is an amount not to exceed $25,000.  

 

The proposed agreement was not available at the time the meeting packet was prepared.  



FINANCIAL IMPACT:
The financial impact is not to exceed $25,000.

RECOMMENDATION:
Staff recommends approval.