Consider and take action on Resolution No. 17-32, approving an agreement with Edifis for the Palmer Plaza.

The Mayor and staff have been working with the Edifis group (owner of Palmer Plaza - Goodwill, Gus' and Baytown Seafood center) to improve the appearance and upgrade the property.  Edifis has agreed to make changes to improve the parking, signage, landscaping and streetscape to include trees and decorative street lights, facade changes, and to include some stores that may have more of a regional draw such as a national soft goods chain.  The agreement is similar to HEB's.  It is a seven year term during which they will be rebated one cent of the two cents they collect for the City of Texas City, capped at $1.6 million dollars.  If the money is not generated, they do not get their portion.  They only get a portion of what they generate, giving them the incentive to make sure sales are good.