City of Kissimmee

A conceptual design of Toho Square’s proposed Fairfield by Marriott Hotel, residential condo and retail.

Under the agreement, the downtown redevelopment agency could provide up to $4.3 million from tax-increment revenue generated within the redevelopment area.

About $1.5 million would reimburse public infrastructure and site work, including park construction, utility and stormwater improvements, railroad noise mitigation and fee refunds. The remaining $2.8 million would come through the Pioneer Project Incentive Program and be paid in annual installments over five years after each phase receives a certificate of occupancy.

The payments are subject to annual appropriations and the agreement’s other conditions, according to the city