Section 110-195; Res. 86-09; Authorizing preliminary funding agreements with The Tiger Columns, LLC and 10th & Locust, LLC relating to tax increment financing of redevelopment projects


Council Bill No. R 86-09

     A RESOLUTION

authorizing preliminary funding agreements with The Tiger Columns, LLC and 10 th & Locust, LLC relating to tax increment financing of redevelopment projects.

BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.    The City Manager is hereby authorized to execute a preliminary funding agreement with The Tiger Columns, LLC relating to redevelopment of the Tiger Hotel building located at 23 South Eighth Street.  The form and content of the agreement shall be substantially as set forth in "Exhibit A" attached hereto and made a part hereof as fully as if set forth herein verbatim.

    SECTION 2.    The City Manager is hereby authorized to execute a preliminary funding agreement with 10 th & Locust, LLC relating to redevelopment of properties located at 116 South Tenth Street, 120 South Tenth Street, 122 South Tenth Street and an adjacent city-owned surface parking lot.  The form and content of the agreement shall be substantially as set forth in "Exhibit B" attached hereto and made a part hereof as fully as if set forth herein verbatim.

    ADOPTED this 20th day of April, 2009.