Bill Type and Number: Ordinance 2006-1353

Sponsor: Transportation, Energy, Utilities and Safety Committee

Date of Introduction: November 28, 2006

Committee(s) of Reference: TEUS

Date of Analysis: December 1, 2006

Type of Action: Fair share agreement

Bill Summary: The bill approves a fair share assessment agreement between the City and Eastport Terminal, LLC for the Eastport Terminal, LLC Warehouse project on Boote Boulevard.

Background Information: The project consists of 150,000 square feet of warehouse uses on approximately 9.54± acres located on Boote Boulevard, between Baisden Road and Eastport Road, in Council District 11, with a term of 5 year(s) and a fair share assessment amount of $362,738 in Fair Share Fund Sector 6.1.

Policy Impact Area: Economic development/fair share assessment

Fiscal Impact: The fair share assessment is $362,738 for the Sector 6.1 account.

Analyst: Clements