File #: 1458-2025    Version: 1 Name:
Type: Emergency Ordinance Status: In Committee
File created: 11/13/2025 In control: Municipal Services and Properties Committee
On agenda: 11/17/2025 Final action:
Passage/adoption date:
Effective date:    
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. 1458-2025 Amend Ord 738-2025 Loan agreements w Pennrose Holdings, 2. 1458-2025-Legislative Summary-Amend 738-2025 Pennrose, 3. 1458-2025-FP letter- Amend 738-2025

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.