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8.16.
Regular City Council Meeting
Meeting Date:
05/11/2021
Information
Agenda Item
Resolution - Business Development:
Consider a resolution approving a Downtown Grant Program (Permittable) expenditure of Market Lubbock, Inc., to be provided to Torres Misc. at 1630 13th Street, pursuant to Article IV, Section 5 of the Amended and Restated Bylaws of Market Lubbock Development Corporation.
Item Summary
Torres Misc. is renovating their property at 1630 13th Street, which is located within the Downtown Tax Increment Financing District boundary, as designated by the City of Lubbock. The scope of the permittable project includes replacement of the existing roof.
The cost of the project is estimated to be $24,230, and the requested grant amount is $2,423. The Market Lubbock Inc. Board of Directors approved this amount at their April 21, 2021 Board Meeting, and recommend approval by the City Council.
Fiscal Impact
The total cost of the project is estimated to be $24,230, with $2,423 to be paid upon completion with the requested grant.
Staff/Board Recommending
Jesica McEachern, Assistant City Manager
Market Lubbock Inc. Board of Directors
Attachments
Resolution
Market Lubbock Resolution
Market Lubbock Supporting Documentation
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