Consider Two Items Regarding a Proposed Development Agreement With The Block Sports Company
A) Consider Making the Following Findings Regarding a Proposed Retail Development Tax Incentive Agreement with The Block Sports Company
1. That the proposed tax incentive is anticipated to raise more revenue than the amount of the incentive within the duration of the Development Agreement.
2. That in the absence of a tax incentive, the Developer (to the extent it constitutes or operates a retail business facility or similar retail business facility as such terms are used in A.R.S. § 9-500.11, as amended) would not locate in the City in the same time, place, or manner.
B) Consider Ordinance No. 3033, Approving a Development Agreement Between the City of Casa Grande and The Block Sports Company for the Dreamport Villages Project; and Authorizing Execution of the Development Agreement and Other Necessary Documentation By the City Manager; and Authorizing the Expenditure of City Funds