Resolution of Intent Reddi Services Extension
The City Council approved Resolution No. 2018-04 on May 14, 2018, to declare its intent to issue Industrial Revenue Bonds (IRB) in the approximate amount of $2,201,385 for construction of the Reddi Services project. The current resolution is in effect through February 11, 2019.
The developer requested the effective date be extended to November 11, 2019. The extension will allow adequate time for the developer to complete construction and complete the items necessary for issuance of the IRB.
- Make a motion to approve a resolution to amend the Resolution of Intent for Reddi Services to extend the effective date for their IRB
- The City Manager, City Clerk, Community and Economic Development Director, and Bond Counsel Recommend Approval