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File #: 819-2020    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 10/17/2020 In control: City Council
On agenda: 11/4/2020 Final action: 11/4/2020
Passage/adoption date:
Effective date:    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to apply for and accept an Empowerment Zone and/or non-Empowerment Zone HUD 108 loan or loans from the United States Department of Housing and Urban Development to partially finance the construction of the mixed-use grocery store project located at East 105th Street and Cedar Avenue; and authorizing the Director to enter into one or more contracts with Fairmount Properties, LLC, or its designee, to implement the project.
Sponsors: Blaine A. Griffin, Anthony Brancatelli, Kevin Kelley, By Departmental Request
Attachments: 1. 819-2020-HUD 108 loan w Fairmount Properties for grocery store project, 2. Ord. 819-2020 Executive Summary-HUD 108 Loan

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to apply for and accept an Empowerment Zone and/or non-Empowerment Zone HUD 108 loan or loans from the United States Department of Housing and Urban Development to partially finance the construction of the mixed-use grocery store project located at East 105th Street and Cedar Avenue; and authorizing the Director to enter into one or more contracts with Fairmount Properties, LLC, or its designee, to implement the project.