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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />February 12, 2026 <br />Administration <br />VI.4 <br />TITLE OF ISSUE: <br />Equinox Development LLC - 7181 21st Ave <br />N. <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />Equinox Development LLC is requesting a tax abatement for a proposed development project at 7181 21st Ave <br />N.The packet includes an application requesting a tax abatement, an agreement with Northland Securities to <br />perform the analysis for the abatement, and an escrow agreement with Equinox to cover the cost for work <br />performed by the city's financial advisor. The documents <br />a.Application requesting a tax abatement <br />b Agreement for Services - Northland Securities <br />c.Escrow Agreement - Equinox Development LLC <br />COST AND SOURCE(S) OF FUNDING: <br />N/A <br />REQUESTED COUNCIL ACTION: <br />Motion to approve the application for a tax abatement, agreement for securing Northland Securities services, <br />and an escrow agreement with Equinox Development. <br />For ClerkÓs Use: <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />X <br />Vote Record: Aye Nay <br />_____ <br />Application, agreement, escrow agreement <br />Other (specify) <br />__________ <br />___ <br />_______________________________________________________ <br />_____ <br />_____ <br />_________________________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br />25 <br /> <br />