Common Contracts
1 similar Development Incentive Agreement contracts
RE: Holiday Inn Express Development AgreementDevelopment Incentive Agreement • February 10th, 2005
The purpose of this memorandum is to seek approval for the Mayor to enter into a redevelopment agreement with Champaign–Urbana Motels Partners to construct a 72- room Holiday Inn Express Motel and to initiate cooperative planning efforts to expand adjacent convention and meeting center facilities. The initial investment by the developer is a minimum $4,000,000. To undertake this development an infrastructure extension cost of
