Title
Resolution- A Resolution of the City Council of the City of Mansfield, Texas, Approving an Economic Development and Performance Agreement by and Between the Mansfield Economic Development Corporation ("MEDC") and Backyard Come As You Are, L.P. and Authorizing its Execution by the President of the MEDC; and Providing an Effective Date
Requested Action
Consider amended recommendation from the MEDC Board
Staff Recommendation
Approve MEDC recommendation
Description/History
At the March 1 MEDC Board meeting, the Board considered a revised request from Backyardcomeasyouare, LP for reimbursement up to $143,000 for the storm drainage along the north property line of the proposed development. The Board approved this by a vote of 6/0 with Tim Walker absent.
In addition they voted 6/0 to express support for the request to fund 50% of the Heritage Baptist Church parking lot lease in lieu of rebating a portion of the sales tax to the operator, Blue Plate.
Justification (Benefit)
A significant boost redevelopment efforts in Historic Mansfield
Funding Source
4A for this portion of the development
Prepared by
Scott Welmaker, Mansfield Economic Development Corporation, 817-266-5890