Midland City Council Could Extend Deadlines on New Hotel Santa Rita
Today's city council meeting could end with deadline extensions made on the new Hotel Santa Rita.
According to the Midland Reporter-Telegram, it will be the third amendment to the master development agreement between the city and the Hotel Santa Rita Midland Partners.
The deadline dates will be moved back into next year for most of the agreement, here is a look at the proposed changes in the deadlines:
- proof of financing deadline extended from Sept. 30 to Jan. 31.
- construction drawings deadline extended from Sept. 30 to Jan. 31.
- commencement of construction deadline extended from Oct. 31 to Feb. 28.
- completion of construction deadline extended from Aug. 31, 2018, to March 31, 2019.
So the Hotel Santa Rita is still a possibility, just now at a later date than before if passed by city council in today's meeting.