East Ridge Approves Ace Hardware Development Agreement

80% of eligible project costs, paid from allocated state sales and use tax revenues; estimated base tax revenue of $50,000.00

OTHER

Payment obligations continue through the close of FY2047, or until eligible project costs are fully paid, whichever occurs sooner; project construction expected to be completed eight months after the agreement date

2047-06-30

Agreement remains effective until the parties complete their obligations or it is terminated for default or mutual agreement. Payment obligations continue through FY2047, with a possible extension under the Border Region Act and a revised 50/50 revenue split.

Agenda