Title
Conduct a public hearing and consider a resolution approving the term and conditions of a program to promote local economic development and stimulate business and commercial activity in the City, authorizing the City Manager to finalize and execute an Economic Development Program Agreement (Chapter 380 Agreement) and TIRZ No. 2 Reimbursement Agreement for such purposes by and between the City of Mesquite, Eleanor Sue Carroll (owner) and the Board of Directors of Reinvestment Zone No. 2, City of Mesquite, Texas (Towne Centre) (TIRZ) for the construction of improvements to property located at 215 West Main Street in Mesquite, Texas and granting to the owner of certain TIRZ reimbursements and economic development incentives and authorizing the City Manager to take such actions and execute such documents as are necessary or advisable to consummate the transactions contemplated by the agreement and administer the agreement on behalf of the City.
Body
In support of the City Council's vision for downtown redevelopment, Towne Centre TIRZ No. 2 contains a line item for economic development incentives as an approved TIRZ expenditure. Public participation is needed to bring key older buildings up to current development standards in order to attract catalyst and targeted businesses to the historic downtown area.
The long-standing family-owned Carroll building in Downtown Mesquite recently underwent fa?ade renovations on 215 West Main Street and the connected adjacent building, 217 West Main Street, as a project of the City's existing Fa?ade Grant program. The owner, Sue Carroll, has since actively marketed the two side-by-side spaces for lease to potential targeted tenants. The aged construction of the space needs code modernization, causing prohibitive cost to the owner for the construction of a firewall between the two addresses. The firewall is required to meet City codes for public safety between the two buildings to accommodate the target types of businesses d...
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