Sample 1.pdf

City_Council_Resolution_Developer_Selection_LOI.pdf
Preview of Sample 1
🔗 Source: a2docs.org
📊 Size: 91 KB
👤 Author: Fritz Seyferth
⬇️ Downloads: 183

Summary

The City of Ann Arbor, Michigan, the Downtown Development Authority (DDA), and Valiant Partners (Developer) entered into a Letter of Intent (LOI) to develop a mixed-use project on the Library Lot, a site above and adjacent to an underground parking garage. The project includes a hotel, conference center, restaurant/retail, public space/plaza, office space, and residential condos. The City and DDA will convey development rights to the Developer, who will pay a mutually agreed-upon sum and a percentage of gross sales revenue. The Developer will design, finance, and operate the conference center, and the City or a 501(c)(3) will own it. The parties will cooperate to obtain necessary approvals, and the DDA will reserve parking spaces and assist the Developer in preparing plans. The Developer is responsible for obtaining financing commitments and undertaking pre-sale leasing activities.

Description

The City of Ann Arbor, Michigan, the Downtown Development Authority (DDA), and Valiant Partners (Developer) entered into a Letter of Intent (LOI) to develop a...

Technical Information

  • File Format: PDF
  • File Size: 91 KB
  • Pages: 5
  • Language: EN
  • Author: Fritz Seyferth
  • Total Downloads: 183
  • Last Updated: 6 days ago

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