CRA (Community Redevelopment Agency) approved a Kenan Development demolition deal for the old Walgreens ($49,318.80) and Media General ($80,594.25) buildings, credited against Rivergate incentives.
5 items on the agenda · 3 decisions recorded
On the agenda
- 1Call to Order - Roll Call▶ 0:00
- 2
You arrived here from a search for “January 21, 2020 CRA Special Meeting Minutes” — transcript expanded below
Approval of January 21, 2020 CRA Special Meeting Minutes
approvedThe CRA Board approved the minutes from the January 21, 2020 CRA Special Meeting without discussion.
- motion:Motion to approve the January 21, 2020 CRA Special Meeting minutes. (passed)
▶ Jump to 0:19 in the videoShow transcriptHide transcript
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[00:00:19] First item on the agenda is the approval of the January 21st CRA special meeting minutes. [00:00:26] Move for approval. [00:00:27] Second. [00:00:28] To the maker? [00:00:29] Nothing. [00:00:29] Second? [00:00:30] Nothing. [00:00:31] In that case, all those in favor, please signify by saying aye. [00:00:34] Aye. [00:00:35] Opposed, like sign. [00:00:36] Motion passes.
This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.
- 3
Approval of Demolition Agreement for Walgreens and Media General Buildings
approvedThe CRA approved a demolition agreement with Kenan Development Company for the former Walgreens building ($49,318.80) and former Media General building ($80,594.25), with costs credited toward the $2.1 million in financial incentives previously provided for the Rivergate project.
- motion:Motion to approve the demolition agreement for the former Walgreens and Media General buildings. (passed)
Kenan Development CompanyMedia GeneralWalgreensMrs. Mams$2.1 million financial incentivesRivergate project▶ Jump to 0:38 in the videoShow transcriptHide transcript
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[00:00:38] Next is approval of the demolition agreement for Walgreens and Media General Buildings. [00:00:42] Mrs. Mams? [00:00:43] Yes, sir, Mr. Mayor. [00:00:44] As part of the economic development incentives that were provided to Kenan Development Company [00:00:51] in respect to the Rivergate project, they are entitled to some funding for us from the city, [00:01:05] pardon me, in respect to the demolition of buildings. [00:01:09] And in that respect, we are asking for $49,318.80 [00:01:18] to demolish the former Walgreens building, and $80,594.25 to raise the former Media General Building. [00:01:33] Both of those expenses will be credited towards the $2.1 million in financial incentives [00:01:40] that were provided to them in respect to the development project. [00:01:45] Very good. [00:01:45] Open it up for public comment. [00:01:46] Seeing no one come forward, bring it back to the CRA. [00:01:52] Move for approval. [00:01:54] Second. [00:01:55] The maker? [00:01:56] No, it's part of the existing scheduled plan, which hopefully we can modify to see some [00:02:05] of that vision we saw earlier today. [00:02:06] But we're on track, and I'm happy to make the motion to approve.
This text was generated automatically from the meeting video. It is not a verbatim or official record. For exact wording, consult the video or the city clerk.
- 5Adjournment▶ 2:11
- 4Communications