McGrath RentCorp Development Agreement Amendment
Summary
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.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 27, 2026.
Impact analysis
Projected to generate approximately $1 million in annual tax revenue.
Local taxpayers, city businesses, and McGrath employees benefit from economic stability and job creation.
Mentions & discussions (2)
City Council - Jul 27, 2026
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.
Planning Commission - Jul 7, 2026
The city considered extending an existing development agreement with McGrath RentCorp for 30 years to 2059, facilitating continued business operations and a commercial land transfer.
Related development
General Plan 2045 and Zoning Map Amendment
Brings municipal planning documents into agreement without authorizing new construction.
Development Agreement Amendment 26-002 (McGrath RentCorp)
Secures long-term corporate headquarters retention, commercial tax revenue, and housing flexibility in Midtown.
McGrath RentCorp Development Agreement First Amendment
Secures long-term business operations and commercial land transfer supporting city planning objectives.
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