HomeMy WebLinkAboutResolution No. 118-18 - ChateauTheatreUpgrades
RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester to authorize the use of
up to $1,000,000 in CIP funds for the Chateau Theatre to:
a) secure and protect the building;
b) bring it up to code so that it can be used for "assembly" purposes and to establish a long
term plan including working with Council and DMC EDA to establish a plan for the long term
reuse of the building and to file an RFP to solicit a development partner; and
c) to direct staff to provide a preferred funding package and analysis of the use of new
market tax credits, Opportunity Zone funding, and/or preservation tax credits.
BE IT FURTHER RESOLVED that the City directs staff to work with the Chateau Reuse
Committee and DMC EDA to develop an RFP to solicit a development partner for the long term
reuse of the building.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF ______________, 2018.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF _____________________, 2018.
__________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res15\\Approve.ChateauTheatreupgrades