File #: 1458-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 11/13/2025 In control: City Council
On agenda: 11/24/2025 Final action: 11/24/2025
Passage/adoption date: 11/24/2025
Effective date: 12/1/2025    
Title: AN EMERGENCY ORDINANCE To amend the title and Sections 4, 5, 6, 7, and 8 of Ordinance No. 738-2025, passed June 2, 2025, relating to an agreement with Pennrose Holdings, LLC, or its designee, for the sale of the Warner and Swasey building and entering into loan agreements with Pennrose Holdings, LLC, or its designee, to provide assistance to partially finance the redevelopment.
Sponsors: Richard A. Starr, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Attachments: 1. FINAL VERSION City Record 12/05/2025 Page 77, 2. 1458-2025 Amend Ord 738-2025 Loan agreements w Pennrose Holdings, 3. 1458-2025-FP letter- Amend 738-2025, 4. 1458-2025 WARNER SWASEY PENNROSE SUMMARY, 5. 1458-2025-Presentation3 - Pennrose Holding LLC or Deisgnee -, 6. 1458-2025 Amend 1458-2025, 7. 1458-2025 as amended-desk copy-Final-Pennrose

Title

AN EMERGENCY ORDINANCE To amend the title and Sections 4, 5, 6, 7, and 8 of Ordinance No. 738-2025, passed June 2, 2025, relating to an agreement with Pennrose Holdings, LLC, or its designee, for the sale of the Warner and Swasey building and entering into loan agreements with Pennrose Holdings, LLC, or its designee, to provide assistance to partially finance the redevelopment.