Looks like the Maydestone is ready to go with D&S taking on the project.....Thank God! That thing will look good when it's done.
It's pretty amazing that that piece of property only sits on .11 acres.
City Council Meeting: April 21, 2009
(Redevelopment Agency) Approval of Owner Participation Agreement and Loan Documents for Maydestone Building Project
Location: 1001 15th Street (District 1)
Recommendation: Adopt a Redevelopment Agency Resolution a) approving Downtown Low/Moderate Tax Increment (TI) funds for an Agency loan of $4,570,000 for the project, b) authorizing the Agency to transfer Downtown Low/Moderate TI funds for a loan of up to $4,570,000 for the project, and c) authorizing the Executive Director, or her designee, to execute an Owner Participation Agreement (OPA) and loan documents with the developer.
Staff Report