File #: 819-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Administrative Review
File created: 7/7/2025 In control: City Council
On agenda: 7/9/2025 Final action:
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with Famicos Foundation, or its designee, to provide economic development assistance to partially finance the acquisition, and development of interior and exterior improvements at a mixed used building located at 1355 East 105th Street, and other associated costs necessary to redevelop the property.
Sponsors: Kevin Conwell, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, FAMICOS FOUNDATION, LOAN AGREEMENT, WARD 09
Attachments: 1. 819-2025-Loan K w Famicos Foundation forgivable loan, 2. 819-2025-A-FILE-Loan K w Famicos Foundation forgivable, 3. 819-2025 Legis Summary-Famicos Foundation loan

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with Famicos Foundation, or its designee, to provide economic development assistance to partially finance the acquisition, and development of interior and exterior improvements at a mixed used building located at 1355 East 105th Street, and other associated costs necessary to redevelop the property.