Item Coversheet
Meeting Date:
10/1/2019
Staff Contact:

Alora M. Wachholz, CEcD

Director of Economic Development


 
Agenda Items:

(4)(d)
E-mail:
AloraW@saginawtx.org
  Phone:817-230-0331

SUBJECT:
Action regarding Building Improvement Grant Agreement with NDFIII North Town Center, LLC (1029 N Saginaw Blvd)


BACKGROUND/DISCUSSION:

On Tuesday, September 17, 2019, the Saginaw City Council heard information in Executive Session pertaining to the specifics of a Building Improvement Grant (BIG) Program application that was submitted September 3, 2019 by Baceline Investments (corporate name: NDFIII North Town Center, LLC) in regards to their property located at 1029 N Saginaw Blvd, in Saginaw.

The City Council determined in that session to award an amount not-to-exceed $5,000.00 in reimbursable, and matching, dollars for the anticipated improvements as proposed on their application. The included contract under consideration is the realization of that intention.



FINANCIAL IMPACT:
Maximum of $5,000.00 from Account # 01-6142-13-00 Building Improvement Grants

RECOMMENDATION:
NA
ATTACHMENTS:
Description
BIG Program Policy
BIG Program Contract - NDFIII North Town Center LLC