Recommended approvalOther

McGrath RentCorp Development Agreement First Amendment

Description

First amendment to development agreement extending the term 30 years to 2059 and adjusting boundaries.

Impact summary

Secures long-term business operations and commercial land transfer supporting city planning objectives.

Applicant

Name: McGrath RentCorp (Mike Bray)

At a glance

Hearings: 1
Public comments: 0
Total mentions: 1

Last vote · Planning Commission

Recommended approval5–0, unanimous

A recommendation, not a final decision. The council decides next.

Last discussed Jul 7, 2026.

Meeting timeline (1)

Jul 7, 2026Recommended approval 5–0

Planning Commission - Jul 7, 2026

First amendment to development agreement extending the term 30 years to 2059 and adjusting boundaries.

Related issues (1)

McGrath RentCorp Development Agreement Amendment

The city extended McGrath RentCorp's development agreement to 2059, supporting Midtown planning objectives and a commercial land transfer expected to bring 400-600 jobs and $1 million in annual tax revenue.

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