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File #: 2020-370    Version: 1 Name:
Type: Miscellaneous Item Status: Approved
File created: 9/22/2020 In control: City Council
On agenda: Final action: 9/21/2020
Title: Amended Targeted Downtown Office Incentive Policy Council is requested to approve the amended Targeted Downtown Office Incentive Policy that was adopted by City Council on July 20, 2020 as follows: Section 1 Policy Adopted The City of High Point adopts this Targeted Downtown Office Incentives Policy for the purposes and reasons stated below. This policy is in effect from the date of its adoption by the High Point City Council and expires on July 31, 2021, for companies applying for consideration. For any qualifying project located in the Downtown Municipal Service District that is under construction as of December 31, 2020, this policy will remain in effect until such project is leased at 95% occupancy.
Attachments: 1. High Point Incentives Policies -- capital investment jobs targeted downtown office (9.21.20 amendment), 2. Incentives policy amendment redline

Title

Amended Targeted Downtown Office Incentive Policy

Council is requested to approve the amended Targeted Downtown Office Incentive Policy that was adopted by City Council on July 20, 2020 as follows:

 

Section 1 Policy Adopted

The City of High Point adopts this Targeted Downtown Office Incentives Policy for the purposes and reasons stated below. This policy is in effect from the

date of its adoption by the High Point City Council and expires on July 31, 2021, for companies applying for consideration. For any qualifying project located

in the Downtown Municipal Service District that is under construction as of December 31, 2020, this policy will remain in effect until such project is leased at

95% occupancy.

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