Consider and take action on Resolution No. 19-06, approving an incentive agreement with Brixmor.

This is a chapter 380 agreement similar to that which was done with HEB and Edifis when they made improvements to their strip centers. Essentially, this agreement would rebate the developer (Brixmor) 1% of the sales tax generated above the baseline of sales tax generated before redevelopment. The term is 10 years with the maximum total refund capped at $1,500,000 which will help Brixmor offset the costs they will incur as a result of providing increased landscaping and other beautification as required by our gateway development ordinance.  Doug Kneupper has signed off on the landscape plan and signage package.  Brixmor has tenants for the old Marathon building including Planet Fitness, Conn's, and Harbor Freights.  In addition, they are locking Kroger in for another 5 years and building a new gas station for Kroger's.  This will be the third Retail Center in that area that the TCEDC has assisted to get better merchants and improve the site.