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MAIN PLACE SHOPPINGTOWN, LLC (2)
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MAIN PLACE SHOPPINGTOWN, LLC (2)
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Last modified
7/29/2019 10:07:07 AM
Creation date
7/29/2019 10:06:08 AM
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Contracts
Company Name
MAIN PLACE SHOPPINGTOWN, LLC
Contract #
A-2019-089
Agency
PLANNING & BUILDING
Council Approval Date
6/4/2019
Expiration Date
6/4/2029
Destruction Year
2034
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(viii) Commercial, <br />(ix) Office <br />(x) Parldng <br />(xi) Philanthropic activities (education, culture, arts) <br />(b) Reporting for items listed in subsection 5.1.2(a) shall be include a table <br />substantially similar to the following: <br />An example of a compliance report for site development and can be applied to other above criteria and metrics. <br />Reporting Period: 2022 - 2nd Report <br />Year 3 of 10 of Agreement <br />Use <br />Approved <br />Total <br />Cumulative <br />Remaining to <br />Status & Look Ahead <br />SF/Units/Rooms <br />Completed In <br />Total <br />Be <br />Period <br />Completed <br />Completed <br />Residential <br />1,900 <br />100 <br />200 <br />1,700 <br />On target with 300 to be <br />completed in the next period <br />Hotel <br />400 <br />150 <br />150 <br />250 <br />Negotiating with Hilton to <br />construction a new full service <br />hotel for the next period <br />Commercial <br />300,000 (vac) <br />100,000 <br />200,000 <br />100,000 <br />150k ten-year lease with Tenant <br />Existing <br />A since 2019. <br />1,100,000 <br />50K 20 Year lease with Tenant B. <br />(ex) <br />Working with Tenant C for <br />remaining 100k with a 15 year <br />lease. <br />Commercial <br />250,000 <br />150,000 <br />150,000 <br />100,000 <br />150k completed for Kidzania. 20- <br />New <br />Year lease. <br />Negotiating with Tenant X for a <br />15 year lease. <br />New Office <br />750,000 <br />0 <br />150,000 <br />600,000 <br />150k completed in 2020. Tenant <br />X with 20-year lease. <br />Market is soft. No new activity in <br />reporting period. <br />Anticipate XX for next period. <br />(c) Progress relative to economic projections of <br />(i) Increases in property tax, <br />(ii) Property Tax In -Lieu of VLF received by the City, <br />(iii) Sales tax received from the Project, <br />(iv) Business tax received from the Project, <br />(v) Hotel Visitors Tax (HVT) <br />-17- <br />55394.00053�31891805.16 <br />
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