City of Osage Beach cancels alderman meeting after outlet mall project canceled
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OSAGE BEACH, Mo. (KMIZ)
The Monday Board of Aldermen meeting for the City of Osage Beach has been canceled after the city received a letter terminating the funding agreement with Osage Beach Marketplace LLC for the Outlet Mall project.
In a release, City Clerk Tara Berreth says that "pursuant to Section 3 C of the Funding Agreement we treat the termination of the agreement as a withdrawal of the application for Tax Increment Financing. We understand that the letter as a withdrawal of the TIF application and all associated requests
for development assistance."
On Thursday night, officials instructed consultants to stop work on this project.