Title:
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Cooperative Market at 500 Walton Avenue
Resolved, that the use of Intergovernmental Revenue Funds for the purpose of a development agreement/grant to Wild Root Market Cooperative for the construction of a cooperative market at 500 Walton Avenue is approved.
Further resolved, that the RDA Executive Director and the RDA Chairman are authorized to negotiate and execute a development agreement resulting in a $390,000.00 grant if the terms of the development agreement are met. The development agreement must be presented to the Finance and Personnel Committee for approval.
Fiscal Note: Funds for the grant would come from the City's Intergovernmental Revenue Funds. There are sufficient funds in the account to support the grant.
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