The Waterhouse development agreement required 215 new jobs with a minimum annual average salary level of $45,000 and a $20 million investment, while the CFA Institute property owner agreement required 400 new jobs with a minimum annual average salary level of $75,000 and a $40 million investment.

According to city budgets, fiscal year 2015 was the first year in which grant payments were made with these agreements.

Chris Suarez is a reporter for The Daily Progress. Contact him at (434) 978-7274, csuarez@dailyprogress.com or @Suarez_CM on Twitter.

Allison Wrabel is a reporter for The Daily Progress. Contact her at (434) 978-7261, awrabel@dailyprogress.com or @craftypanda on Twitter.