| | | | | | | | Council Communication
Department: Legal
Case/Project No.:
Submitted by: | Resolutions 23-171 and 23-172
ITEM 6.D. | Council Action: 6/12/2023 |
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| | | | | | | | Description
Resolution 23-171 authorizing and directing the Mayor to execute a Second Amendment to Agreement for Private Development by and between the City of Council Bluffs, Iowa and MAC Ventures, LLC
Resolution 23-172 setting a public hearing for June 26, 2023 at 7:00 p.m. for the Intent to enter into a Parking Rights Agreement regarding the Mid-America Center and 40 Arena Way with George Ivanov |
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| | | | | | | | Background/Discussion
The City of Council Bluffs, Iowa, and MAC Venture, LLC entered into an Agreement for Private Development that envisioned a hotel, fieldhouse and retail space on May 9, 2016. A First Amendment to this Agreement was signed on October 15, 2021, authorizing the sale of 20 Arena Way to a third party for office space. MAC Ventures is now requesting the City’s consent to sell 40 Area Way to a separate third party to utilize the portions not yet occupied for office space. |
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| | | | | | | | Recommendation
Approval is recommended. |
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