File #: 1000-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 8/11/2025 In control: City Council
On agenda: 8/13/2025 Final action: 8/13/2025
Passage/adoption date: 8/13/2025
Effective date: 8/18/2025    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with Metro West Community Development Organization, or its designee, to provide economic development assistance to partially finance the acquisition and pre-development costs and fees associated with acquiring and stabilizing mixed commercial buildings located throughout the Ward 14 service area and other associated costs necessary to acquire the property.
Sponsors: Jasmin Santana, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, LOAN AGREEMENT, METRO WEST COMMUNITY DEVELOPMENT ORGANIZATION , WARD 14
Attachments: 1. 1000-2025-Forgivable loan w Metro West Community Development Corp for multi used buildings in Ward 14-rev, 2. 1000-2025-FP letter-Forgivable loan w Metro West Community Development Corp for multi used buildings in Ward 14, 3. 1000-2025-A-FILE-Forgivable loan w Metro West Community Development Corp for multi used buildings in Ward 14

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with Metro West Community Development Organization, or its designee, to provide economic development assistance to partially finance the acquisition and pre-development costs and fees associated with acquiring and stabilizing mixed commercial buildings located throughout the Ward 14 service area and other associated costs necessary to acquire the property.