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.
Approved
- Type
- Development agreement
- Location
- Former Cottonwood Mall site
- Applicant
- Holladay Hills, LLC / KMW Development, LLC
- City Council: Resolution 2021-03: Ratifying KMW Development, LLC as substitute party
- City Council: Resolution 2020-36: Amendment to the agreement to develop land with Holladay Hills, LLC
In brief
Cottonwood Mall RDA subsidy extension (Holladay Hills) appears on 2 recorded agendas, from the City Council meeting of December 3, 2020 to the City Council meeting of February 4, 2021.
On record, it was approved once.
The most recent decision was approved (6-0) at the City Council meeting of February 4, 2021.
Follow the money and project delivery
Cottonwood Mall RDA subsidy extension (Holladay Hills)
- Council action
Approved: Resolution 2021-03: Ratifying KMW Development, LLC as substitute party · Approved minutes Record → · Feb. 4, 2021
- Money in the record
No itemized amount linked in the records collected.
- 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
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.
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.