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ECONOMIC AND URBAN DEVELOPMENT MEM RANDUM <br /> Memo No. 06-267 <br /> November 1, 2006 <br /> TO: Honorable Mayor Paul Osborne and City Council �� <br /> FROM: Steve Garman, City Manager I�, <br /> Dane C. Bragg,Assistant City Manage�'' ' <br /> Greg C. Crowe, Economic Development Coordinat <br /> SUBJECT: Amending Redevelopment Agreement with IP Plaz , LLC <br /> SUMMARY RECOMMENDATION: Staff recomm nds amending the <br /> Redevelopment Agreement with II' Plaza, LLC previously appro ed by City Council on <br /> July 3, 2006. <br /> BACKGROUND: The Redevelopment Agreement with IP Pl a will provide for the <br /> redevelopment of the former K-Mart store. The Eastgate Com�ons TIF will provide <br /> funds to reimburse the developer for TIF eligible project costs. , <br /> INPUT FROM OTHER SOURCES: N/A '� <br /> POTENTIAL OBJECTION: N/A � <br /> STAFF REFERENCE: Any additional questions may be forwa�ded to Greg Crowe at <br /> 424-2725 or at gccrowe(a�decaturnet.org. '� <br /> BUDGET/TIME IMPLICATIONS: N/A ', <br /> � <br /> i <br /> ( <br /> I <br /> I <br />