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WORK SESSION
Public Comment on Agenda Items
2. Authorizing a third amendment to the Development and Use Agreement with Van Aken Shopping Center Ltd. for the Farnsleigh Lot development as a part of the Van Aken District Project, to authorize the City to provide a conditional grant in the amount of $4 million, and a third amendment to the Schools Compensation Agreement with the Shaker Heights School District, to modify the Farnsleigh TIF to reduce the percentage of service payments paid to the District, and declaring an emergency.
3. Amending Ordinance 21-125 making appropriations for the current expenses and other expenditures of the City of Shaker Heights, Ohio for the year ending December 31, 2022, as amended by Ordinances No. 22-23, 22-33, 22-58, and 22-71, to amend appropriations in Fund No. 101, the General Fund, and Fund No. 103, the Economic Development and Housing Fund, by appropriating a transfer of $2 million from the General Fund to the Economic Development and Housing Fund and increase the appropriation by $4 million in the Economic Development and Housing Fund.
Jul 11, 2022 City Council Work Session
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WORK SESSION
Public Comment on Agenda Items
2. Authorizing a third amendment to the Development and Use Agreement with Van Aken Shopping Center Ltd. for the Farnsleigh Lot development as a part of the Van Aken District Project, to authorize the City to provide a conditional grant in the amount of $4 million, and a third amendment to the Schools Compensation Agreement with the Shaker Heights School District, to modify the Farnsleigh TIF to reduce the percentage of service payments paid to the District, and declaring an emergency.
3. Amending Ordinance 21-125 making appropriations for the current expenses and other expenditures of the City of Shaker Heights, Ohio for the year ending December 31, 2022, as amended by Ordinances No. 22-23, 22-33, 22-58, and 22-71, to amend appropriations in Fund No. 101, the General Fund, and Fund No. 103, the Economic Development and Housing Fund, by appropriating a transfer of $2 million from the General Fund to the Economic Development and Housing Fund and increase the appropriation by $4 million in the Economic Development and Housing Fund.
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