File #: 20-013   
Type: Resolution (Consent) Status: Passed
File created: 1/10/2020 In control: Economic Development Commission
On agenda: 1/28/2020 Final action: 1/28/2020
Enactment date: 1/28/2020 Enactment #: 2020-001
Title: Public Hearing - RE: Commissioner Jack Brown - EDC - To Authorize a Resolution to Provide a Standard Level Two Local Incentive Grant and Enter Into an Economic Development Agreement (EDA) - Project Riverwest 1. Receive Citizen Comment 2. Accept Motion to Approve
Sponsors: Jack B. Brown
Attachments: 1. Adopted 2020-001, 2. Resolution

title

Public Hearing - RE: Commissioner Jack Brown - EDC - To Authorize a Resolution to Provide a Standard Level Two Local Incentive Grant and Enter Into an Economic Development Agreement (EDA) - Project Riverwest

1.  Receive Citizen Comment

2.  Accept Motion to Approve

body

STAFF CONTACT

Donny Hicks - Economic Development Commission - 704-825-4046

BUDGET IMPACT
budget

N/A

body

BUDGET ORDINANCE IMPACT

N/A

BACKGROUND

Project Riverwest is considering a total investment of $29 million in new construction to establish a speculative multi-tenant industrial facility with the expectation to complete the initial portion of this investment on or before December 31, 2020.  This investment consists of approximately nine million dollars ($9.0 Million) in real property investment for the construction of a speculative multi-tenant industrial facility of 180,000 square feet and another twenty million ($20.0 Million) in real property investment for the construction of a speculative multi-tenant industrial facility of 400,000 square feet at 182 Woodlawn Ave in Belmont.

POLICY IMPACT

N/A

ATTACHMENTS

Resolution