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Reinvestment Housing Incentive Districtapproved

city-of-gardner-city-council-meeting-minutes-may-1-2023_381.pdf

Grand Street Development for senior living

$6,600,000Town of GardnerGRAND STREET DEVELOPMENTMay 1, 2023

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Grand Street Development, LLC will use a Reinvestment Housing Incentive District for senior living. The city anticipates reimbursing the developer's eligible expense for the RHID of up to $6.6 million, plus interest, subject to a maximum term of 16 years.

Contract Details

Contract Amount

$6,600,000

Vendor

GRAND STREET DEVELOPMENT

Agency

Town of Gardner, KS

Contract Type

Reinvestment Housing Incentive District

Document Date

May 1, 2023

Contract Term

16 years

Renewal Date

NA

Renewal Info

NA

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