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File #: 19-3531    Version: 1 Name: CED- Mission INNvest - 11-5-2019
Type: DISCUSSION CALENDAR Status: Agenda Ready
File created: 10/11/2019 In control: City Council
On agenda: 11/5/2019
Title: MEASURE Z - Funding options with The Mission Inn Hotel & Spa and historic Annex to facilitate reinvestment and economic business development including property tax sharing agreement for additional $200,000 annually in conjunction with Mills Act funds for total of $400,000 annually from Measure Z Funds for seventeen years or General Fund for twenty years offset by $5 million investment into Annex by Mission Inn Hotel & Spa resulting in increased property and sales tax revenue (Community and Economic Development) (Ward 1) (10-minute presentation)
Attachments: 1. Report, 2. Presentation