Title
Discussion and Possible Action by the City of Mansfield, Texas, Establishing an Economic Development Program for Drinking and Dining Establishment Recruitment in the Historic Mansfield Reinvestment Zone Pursuant to Chapter 380 of the Texas Local Government Code to Promote Economic Development and Stimulate Business and Commercial Activity in the City
Requested Action
To approve the economic development program in the Historic Mansfield Reinvestment Zone.
Recommendation
Approve the terms of the Historic Downtown Mansfield Restaurant Recruitment Program.
Description/History
The Downtown Development Strategies produced by Halff & Associates were adopted on July 27, 2020. In accordance with the recommendations of Strategy 28 Incentivize Restaurant Uses and Strategy 29 Recruit Restaurant Uses to Downtown, the Historic Downtown Mansfield Restaurant Recruitment Program was drafted. Recommendations and feedback on the program were given by the Revitalization of Historic Downtown Mansfield Sub-Committee on March 29th and April 6th.
Justification
See information above.
Funding Source
The program will be funded by a combination of one or more of the following sources: General Fund, Economic Development 4A Funds, Sales Tax Rebate, and reimbursement of Permit or Impact Fees.
Prepared By
Nicolette Allen, Historic Downtown Mansfield Coordinator