Laserfiche WebLink
PROJECT TITLE: 4 <br /> Memorandum of Consent COUNCIL BILL# <br /> Jnderstanding between City of Originating Department Public Services <br /> Everett and OM Everett, Inc. X Action Finance <br /> Contact Person Tim Benedict <br /> First Reading Dave Davis <br /> Second Reading Phone Number 8669/8913 <br /> FOR AGENDA OF February 24, <br /> Third Reading 2009 <br /> Public Hearing <br /> Initialed by: <br /> Department Head <br /> CAA <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> Memorandum of Finance,Legal,Planning, <br /> Understanding Public Services <br /> Amount Budgeted -0- <br /> Expenditure Required -0- Account Number(s):N/A <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> OliverMcMillan has offered to pay all costs related to the 2009 application process for New Market Tax <br /> Credits ("NMTC"), including the costs of formation of a community development entity("CDE"), <br /> certification of the CDE, and preparation of the 2009 NMTC application. OliverMcMillan asks, in the event <br /> that the CDE is awarded tax credits in 2009, that a bulk of those tax credits be used for development in the <br /> Riverfront Project area. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to sign the Memorandum of Understanding between City of Everett and OM Everett, <br /> Inc. <br /> 21 <br />