File #: 635-2024    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 5/31/2024 In control: City Council
On agenda: 6/3/2024 Final action: 6/3/2024
Passage/adoption date: 6/3/2024
Effective date: 6/7/2024    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with Burten, Bell, Carr Development, Inc., or its designee, to provide economic development assistance to partially finance hard and soft costs associated with the Buckeye Road Commercial Corridor Revitalization and Stabilization Initiative for up to ten vacant and distressed mixed-use commercial buildings and parking lots.
Sponsors: Deborah A. Gray, Anthony T. Hairston, Blaine A. Griffin
Indexes: BURTEN BELL CARR DEVELOPMENT CORP. , ECONOMIC DEVELOPMENT DEPARTMENT, LOAN AGREEMENT
Attachments: 1. 635-2024-A-FILE - Loan Ag w Burten, Bell, Carr for Buckeye Road commercial corridor improvements, 2. 635-2024-FP Letter - Loan Ag w Burten, Bell, Carr for Buckeye Road commercial corridor improvements, 3. 635-224-FOR PASSAGE-Loan Ag w Burten, Bell, Carr for Buckeye Road commercial corridor improvements, 4. FINAL - City Record 6/14/24, Page 4

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with Burten, Bell, Carr Development, Inc., or its designee, to provide economic development assistance to partially finance hard and soft costs associated with the Buckeye Road Commercial Corridor Revitalization and Stabilization Initiative for up to ten vacant and distressed mixed-use commercial buildings and parking lots.