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.
Approved
- Type
- Development agreement
- Location
- Approximately 600 West Exchange Road
- Size
- 1.81 acres
- City Council: Land transfer and development agreement, Union Stockyard Exchange Building (Q Factor)
- City Council: Participation and reimbursement agreement, Q Factor
- City Council: Budget amendment, Union Stock Exchange Building (Agency)
- City Council: Budget amendment, Union Stock Exchange Building and miscellaneous grants
- City Council: Land transfer and development agreement, Union Stockyard Exchange Building (Q Factor)
In brief
Union Stockyard Exchange Building (Q Factor) appears on 3 recorded agendas, from the City Council meeting of October 4, 2022 to the City Council meeting of November 1, 2022.
On record, it was tabled 4 times and approved 4 times.
The most recent decision was approved (7-0) at the City Council meeting of November 1, 2022.
Follow the money and project delivery
Union Stockyard Exchange Building (Q Factor)
- Council action
Approved: Land transfer and development agreement, Union Stockyard Exchange Building (Q Factor) · Agenda and reports Record → · Nov. 1, 2022
- Money in the record
land: amount not given — Transfer of 1.81 acres for redevelopment of the Union Stockyard Exchange Building Record → · Nov. 1, 2022
- Signed agreement and payments
Execution and project-level disbursements are not verified by this tracker. They require separate records; meeting approval alone does not establish either.
- Work and operating costs
Check the linked records for completion and recurring operating costs; this tracker does not verify them. Record →
Every hearing and vote
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.
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.
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.