Status Update

Two Harrison Square ‘memorandums of understanding’ up for vote
http://www.fortwayne.com/mld/newssentinel/news/local/17074568.htm

From the article:

"The memorandums in this case are documents signed by the city and the other parties outlining the specific project details. Once approved, further negotiations will be held to reach a development agreement."

"City Council on Tuesday is expected to vote on whether to allocate $26 million in County Economic Development Income Tax (CEDIT) funds to Harrison Square and $1 million in Cumulative Capital Improvement funds during a period of no more than 30 years."

"Council also could vote Tuesday on whether to extend the boundaries of the development area to include Harrison Square. The redevelopment commission preliminarily approved the measure in March."

"Full details of the financing package for Harrison Square will be unveiled at Tuesday’s City Council meeting."