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    7. 16.    
Regular City Council Meeting
Meeting Date: 01/12/2021  

Information
Agenda Item
Resolution - Business Development: Consider a resolution approving a Downtown Grant Program (Permittable) expenditure of Market Lubbock, Inc., to be provided to Henthorn, Horton, Kirkland Holdings, LLC., pursuant to Article IV, Section 5 of the Amended and Restated Bylaws of Market Lubbock Development Corporation. 
Item Summary
Henthorn, Horton, Kirkland Holdings, LLC, is renovating their property at 2107 Avenue J, which is located within the Downtown Tax Increment Financing District boundary designated by the City of Lubbock. The scope of the permittable project includes a new roof and electrical improvements. 

The cost of the project is estimated to be $49,949, and the requested grant amount is $4,995. The Market Lubbock, Inc. Board of Directors approved this amount at their December 16, 2020 Board Meeting, and recommend approval by the City Council. 
Fiscal Impact
The total cost of the project is estimated to be $49,949, with $4,995 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 Supporting Documentation
Market Lubbock Resolution

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