{"id":73388,"date":"2018-08-30T14:00:12","date_gmt":"2018-08-30T18:00:12","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=73388"},"modified":"2018-08-30T14:00:12","modified_gmt":"2018-08-30T18:00:12","slug":"electric-works-eda-announced","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2018\/08\/30\/electric-works-eda-announced\/","title":{"rendered":"Electric Works EDA announced"},"content":{"rendered":"

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\nNews release from the City of Fort Wayne:<\/p>\n

RTM Ventures and Mayor Henry announce language in economic development agreement for Electric Works has been approved<\/strong>
\nAgreement moves forward to governing bodies as progress continues<\/em>
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\n(August 30, 2018) – RTM Ventures and Mayor Tom Henry today announced the language contained in the economic development agreement for the Electric Works project has been agreed to by the development team and the City of Fort Wayne Administration.
\nThe economic development agreement is now ready to be presented to the local governing bodies responsible for approving elements of the Electric Works project.
\nThe Fort Wayne Redevelopment Commission will be the first entity to consider the development agreement. If the agreement is approved by the Fort Wayne Redevelopment Commission, that body would serve as the signatory for the City of Fort Wayne on the agreement and would oversee implementation and compliance of the terms and conditions of the agreement and coordinate efforts with the other local entities from which approvals will be required. The Fort Wayne Redevelopment Commission will consider the development agreement at its next meeting at 4 p.m. Monday, Sept. 10 in Room 030 of Citizens Square, 200 E. Berry St.
\nLocal governing bodies that would also be responsible for considering and approving public funding set forth in the economic development agreement for the Electric Works project include the Fort Wayne-Allen County Capital Improvement Board (CIB), Fort Wayne City Council, Allen County Board of Commissioners, and Allen County Council. In addition, the Fort Wayne Board of Public Works would have a role with approvals related to infrastructure for the project, the Fort Wayne Redevelopment Authority would implement elements of the local public funding transaction and the Legacy Joint Funding Committee will likely be asked to consider a financial request from RTM Ventures. While no official timetable for the project to go before the governing bodies has been established yet, both the City and RTM will begin seeking the necessary approvals as soon as possible.
\nHighlights of the economic development agreement are included below. The entire summary of the agreement and an approval process summary are available on the attached sheets:<\/p>\n