Development deal.Development Deal: The Duarte City Council/Redevelopment Agency and Jacobsen Family Holdings II LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control signed an agreement that will turn the city's last available Foothill (210) Freeway-adjacent site into a 4.7-acre shopping center anchored by a 46,000-square-foot Best Buy. Duarte Redevelopment Agency acquired and assembled the property and is selling it to Jacobsen for $8.7 million. The new facility will include 11,900 square feet of food and retail space. A nearby Staples Office Supply Super Store will be integrated into the shopping center. The project is expected to be completed by Christmas 2007 and should create up to 200 jobs and $500,000 in sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. revenues to the city in its first year. The city and redevelopment agency also recently approved a 60-day exclusive negotiation agreement with Fountainhead foun·tain·head n. 1. A spring that is the source or head of a stream. 2. A chief and copious source; an originator: "the intellectual fountainhead of the black conservatives" Development for the corner of Buena Visa Street and Huntington Drive. Fountainhead plans to attract food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. retailers to the vacant half-acre site. |
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