Title
Authorization to approve and execute any documents related to the assignment and assumption of rights and obligations related to The Summit Tax Increment Financing (TIF) project to new owners, Fritz Farm Owner, LLC. The original 2013/2014 terms and conditions of the TIF will remain unchanged. No budgetary impact. (L0522-25)(Simpson/Hensley)
Summary
Authorization to approve and execute any documents related to the assignment and assumption of rights and obligations related to The Summit Tax Increment Financing (TIF) project to new owners, Fritz Farm Owner, LLC. The original 2013/2014 terms and conditions of the TIF will remain unchanged. No budgetary impact. (L0522-25)(Simpson/Hensley)
Budgetary Implications: No
Advance Document Review:
Law: Yes, Completed by Evan Thompson, 5/21/2025
Risk Management: NA
Fully Budgeted: NA
Account Number: NA
This Fiscal Year Impact: $0
Annual Impact: $0
Project:
Activity:
Budget Reference:
Current Balance:
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}