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The board approved an agreement to share sales tax revenue generated by Bojangles with Parklane Investments, LLC, for improvements at 918 East Highway 67. The incentive is capped at $150,000 or five years, whichever comes first, beginning when a certificate of occupancy is issued.
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The agreement uses future sales tax revenue from the Bojangles site to help cover extraordinary site development and drainage costs. The payment will end when it reaches $150,000 or after five years, whichever happens first. The board also noted that the Design Grant Program launched online December 1 and tabled a proposal to increase meeting frequency for additional discussion.
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