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<br /> <br />Request for Action <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.5 <br />Agenda Section Meeting Date Prepared by <br />Consent June 4, 2018 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Jackson Hills Residential Suites Development Cal Portner, City Administrator <br />Agreement <br />Reviewed by <br /> <br /> <br />Action Requested <br />Approve, by motion, a development agreement for Jackson Hills Residential Suites, LLC. <br /> <br />Overview <br />The Jackson Hills Residential Suites project is a proposed 40-unit market-rate and affordable housing <br />project located at the intersection of 6th Street and Jackson. The developer applied for Tax Increment <br />Financing (TIF) assistance through the establishment of a Housing TIF District to finance the portion <br />associated with affordable housing. The establishment of the housing TIF district was approved at the <br />April 16, 2018, City Council meeting. <br /> <br />Staff has been working to negotiate a development agreement with the developer. The final agreement is <br />ready for Council approval. <br />Click here to enter background/discussion text. <br />Financial Impact <br />None <br /> <br />Attachments <br /> Jackson Hills Residential Suites, LLC Development Agreement <br /> <br /> <br /> <br />