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TO: Mayor John Laesch/ Planning and Zoning Commission
FROM: David Dibo, Director of Economic Development
Priscilla Orozco, Management Assistant
DATE: October 14, 2026
SUBJECT:
A Resolution authorizing a second amendment to the construction and funding timeline of the approved redevelopment agreement (R24-185) and first amendment (R25-004) with 7 South LLC regarding the redevelopment of 7 South Broadway.
PURPOSE:
7 South LLC is requesting to update the existing RDA (approved by City Council on May 28, 2024) in order to update certain milestones within the agreement to maintain an up-to-date timeline and funding obligations in the RDA.
BACKGROUND:
Approximately 8 years ago, the City purchased the 3,200 square foot one-story building at 7 S. Broadway from Gary Brown who continued to maintain his art studio on site until 2024. Following the art studio's departure, the City entered into a redevelopment agreement with Frontier Development, LLC to repurpose the building into a restaurant with access to the area known as "Skinny Park" immediately to the south.
Frontier Development LLC later established a new legal entity, 7 South LLC. With City Council's approval on January 14, 2025 (R25-004: first amendment) assignment of the redevelopment agreement was assigned to 7 South LLC.
Under the current agreement:
- 7 South, LLC ("Developer") will be required to contribute with equity and/or third-party financing in the amount of $827,455. Frontier's obligations are guaranteed by Conrad Hurst and Curt Hurst.
- The City will provide a forgivable in the amount of $413,547.00.
- The City will provide a grant of $413,547.00.
- The City will sell the real property at 7 South Broadway to the Developer for $100,000.
DISCUSSION:
To date the city has disbursed $289,419.90 of the forgivable loan, leaving $537,674.10 remaining of funding, of which $124,127.10 is the forgivable loan and $413,547.00 is the city grant.
There is no impact...
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