Cottonwood Mall RDA subsidy extension (Holladay Hills)
Two-year statutory extension of the subsidy period under the agreement to develop land for the former Cottonwood Mall RDA area; on February 4, 2021 the council ratified KMW Development, LLC as the substitute party after a refinancing.
- Where it stands
- Approved
- Type
- Development agreement
- Location
- Former Cottonwood Mall site
- Applicant
- Holladay Hills, LLC / KMW Development, LLC
Every hearing and vote
December 3, 2020 · City Council
Resolution 2020-36: Amendment to the agreement to develop land with Holladay Hills, LLC
Pending
A statutory two-year extension of the subsidy period.
February 4, 2021 · City Council
Resolution 2021-03: Ratifying KMW Development, LLC as substitute party
Approved · 6-0
An amendment to the agreement to develop land that extends the Cottonwood Mall RDA subsidy period by two years named the wrong party after the property moved between entities in a refinancing. The RDA executive director and city manager administratively assigned the agreement to KMW Development, LLC, which the city attorney called a technical correction.