Union Stockyard Exchange Building (Q Factor)
Redevelopment Agency land transfer and participation agreements with Q Factor, LLC for redevelopment of the former Union Stockyard Exchange Building, backed by budget amendments of $1,040,000 and $194,900. Tabled Oct. 11 and approved 7-0 on Nov. 1, 2022.
- Where it stands
- Approved
- Type
- Development agreement
- Location
- Approximately 600 West Exchange Road
- Size
- 1.81 acres
Every hearing and vote
October 4, 2022 · City Council
Work session: Union Stock Exchange Building agreements
Discussed
In the joint work session, council and Redevelopment Agency members heard presentations on a land transfer, development agreement and participation agreement for the Union Stock Exchange Building, budget amendments, and use of custodial property by the police department.
October 11, 2022 · City Council
Land transfer and development agreement, Union Stockyard Exchange Building (Q Factor)
Tabled · 5-0
Acting as the Redevelopment Agency, the board tabled Resolution 2022-10, which would authorize a land transfer and development agreement with Q Factor, LLC for 1.81 acres at about 600 West Exchange Road, to November 1.
October 11, 2022 · City Council
Participation and reimbursement agreement, Q Factor
Tabled · 5-0
The board tabled Resolution 2022-11, a participation and reimbursement agreement with Q Factor, LLC for an incentive in the Trackline Economic Development Project Area, to November 1.
October 11, 2022 · City Council
Budget amendment, Union Stock Exchange Building (Agency)
Tabled · 5-0
The board tabled Resolution 2022-9, a gross increase of $1,040,000 in anticipated revenues and appropriations, to November 1.
October 11, 2022 · City Council
Budget amendment, Union Stock Exchange Building and miscellaneous grants
Tabled · 4-0
After a public hearing, the council tabled Ordinance 2022-45, a gross increase of $194,900 that transfers CIP funds to the Redevelopment Agency to purchase and improve the Union Stockyard Exchange Building and recognizes new grants, to November 1.
November 1, 2022 · City Council
Land transfer and development agreement, Union Stockyard Exchange Building (Q Factor)
Approved · 7-0
After a presentation and public input, the board adopted Resolution 2022-10, authorizing a land transfer and development agreement with Q Factor, LLC for 1.81 acres at about 600 West Exchange Road, the former Union Stockyard Exchange Building. The item had been tabled from October 11.
- Applicant: Q Factor, LLC
- Acres: 1.81
November 1, 2022 · City Council
Participation and reimbursement agreement, Q Factor
Approved · 7-0
The board adopted Resolution 2022-11, a participation and reimbursement agreement with Q Factor, LLC for an incentive for developing the old Union Stockyard Exchange Building and adjacent land in the Trackline Economic Development Project Area. The results report does not state the incentive amount.
November 1, 2022 · City Council
Budget amendment, Union Stock Exchange Building (Agency)
Approved · 7-0
The board adopted Resolution 2022-9, a gross increase of $1,040,000 in anticipated revenues and appropriations for fiscal 2022-23.
November 1, 2022 · City Council
Budget amendment, Union Stock Exchange Building and miscellaneous grants
Approved · 7-0
After a public hearing, the council adopted Ordinance 2022-45, a gross increase of $194,900 that transfers CIP funds to the Redevelopment Agency to purchase and improve the Union Stockyard Exchange Building and recognizes new grant awards. The item had been tabled from October 11.