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File #: M&C 21-0341    Version: 1 Name:
Type: General - Report of CM Status: Passed
File created: 5/13/2021 In control: CITY COUNCIL
On agenda: 5/18/2021 Final action: 5/18/2021
Title: (CD 2) Authorize Execution of an Option to Purchase Agreement and Related Purchase Agreement with Fort Worth Heritage Development, LLC or Affiliate for Two Parking Garages and Three Western Sports Arenas in the Fort Worth Stockyards Near the Southwest Corner of Stockyards Boulevard and Packers Avenue, Authorize Amendment of the Existing License Agreement with Fort Worth Heritage Development Company Relating to the Use, Operation, and Management of the Cowtown Coliseum to Include the New Arenas and Parking Garages Upon Acquisition by the City, Authorize the Execution of a Ten-Year Economic Development Program Agreement with Fort Worth Heritage Development LLC or Affiliate in Lieu of Acquisition by City, and Authorize Waiver of Eligibility Requirements in Economic Development Program Policy to Allow Maximum Grants to Exceed 80% of Ad Valorem Taxes
Attachments: 1. M&C 21-0341, 2. 210420_Heritage Arenas_LocationMap.pdf