PROFESSIONAL_SERVICESRENEWED

College Township Industrial Development Authority Board Meeting Agenda April 2026

CTIDA to Renew PrimeCore Oversight Agreement for Mall Project

$50,000College Township Industrial Development AuthorityPRIMECOREApril 15, 2026

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Description

The College Township Industrial Development Authority board will consider renewing its administrative and oversight agreement framework with PrimeCore in connection with a DCED Business in Our Sites Grant and Loan for the Nittany Mall revitalization project, including a $50,000 project funding commitment contingent on state awards. The action also authorizes the Executive Director to execute all related grant documents.

Contract Details

Contract Amount

$50,000

Vendor

PRIMECORE

Agency

College Township Industrial Development Authority, PA

Contract Type

PROFESSIONAL_SERVICES

Document Date

April 15, 2026

Renewal Info

Agenda item LC-1(d) proposes renewal of a previously executed administrative and oversight agreement framework with PrimeCore tied to the DCED Business in Our Sites financing for the Nittany Mall project. Renewal is contingent upon the awarding of the DCED grant to CTIDA and the DCED loan to PrimeCore.