File #: 544-2022    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 5/20/2022 In control: City Council
On agenda: 6/6/2022 Final action: 6/6/2022
Passage/adoption date: 6/6/2022
Effective date: 6/13/2022    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into one or more loan agreements with 2915 Detroit Ave LLC, or its designee, to provide economic development assistance to partially finance the acquisition, construction, and renovation of a building located at 2915 Detroit Avenue for future redevelopment and other associated costs necessary to redevelop the property.
Sponsors: Kerry McCormack, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: ECONOMIC DEVELOPMENT DEPARTMENT, LOAN AGREEMENT, WARD 03
Attachments: 1. 544-2022-K w 2915 Detroit Ave for ED Loan Program loan, 2. 544-2022-A-FILE -K w 2915 Detroit Ave for ED Loan Program loan

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into one or more loan agreements with 2915 Detroit Ave LLC, or its designee, to provide economic development assistance to partially finance the acquisition, construction, and renovation of a building located at 2915 Detroit Avenue for future redevelopment and other associated costs necessary to redevelop the property.