File #: 742-2025    Version: 1 Name:
Type: Emergency Ordinance Status: Passed
File created: 5/30/2025 In control: City Council
On agenda: 6/2/2025 Final action: 6/2/2025
Passage/adoption date: 6/2/2025
Effective date: 6/10/2025    
Title: AN EMERGENCY ORDINANCE Authorizing the Director of Community Development to enter into a loan agreement with Pennrose Holdings, LLC, or its designee, to provide assistance to partially finance the redevelopment of the Warner and Swasey building located at 5701 Carnegie Avenue and other associated costs necessary to redevelop the property.
Sponsors: Richard A. Starr, Anthony T. Hairston, Blaine A. Griffin, By Departmental Request
Indexes: COMMUNITY DEVELOPMENT, LOAN AGREEMENT, WARD 05
Attachments: 1. 742-2025-FOR PASSAGE-cd-K w Pennrose Holdings for Warner and Swasey loan, 2. 742-2025-A-FILE-K w Pennrose Holdings for Warner and Swasey loan, 3. 742-2025-FP Letter-K w Pennrose Holdings for Warner and Swasey loan, 4. FINAL VERSION - CITY RECORD 6/13/2025 PAGE 53

Title

AN EMERGENCY ORDINANCE Authorizing the Director of Community Development to enter into a loan agreement with Pennrose Holdings, LLC, or its designee, to provide assistance to partially finance the redevelopment of the Warner and Swasey building located at 5701 Carnegie Avenue and other associated costs necessary to redevelop the property.