File #: 721-2024    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 7/5/2024 In control: City Council
On agenda: 7/10/2024 Final action: 7/10/2024
Passage/adoption date: 7/10/2024
Effective date: 7/16/2024    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with SH SQ, LLC, or its designee, to provide economic development assistance to partially finance tenant improvements and equipment costs associated with retaining Dave’s Supermarket in Shaker Square, and other associated costs necessary to redevelop the property.
Sponsors: Deborah A. Gray, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, LOAN AGREEMENT, WARD 04
Attachments: 1. 721-2024-FOR PASSAGE-Forgivable loan to SH SQ for Daves Supermarket in Shaker Square, 2. 721-2024-A-FILE - Forgivable loan to SH SQ for Daves Supermarket in Shaker Square, 3. 721-2024-FP Letter - Forgivable loan to SH SQ for Daves Supermarket in Shaker Square, 4. 721-2024 PRESENTATION, 5. FINAL VERSION - CITY RECORD 7/19/24 Page 41

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with SH SQ, LLC, or its designee, to provide economic development assistance to partially finance tenant improvements and equipment costs associated with retaining Dave’s Supermarket in Shaker Square, and other associated costs necessary to redevelop the property.