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File #: 2026-0149    Version: 1 Name:
Type: Ordinance Status: In Committee
File Introduced: 2/24/2026 In control: Finance Committee
On agenda: 3/3/2026 Final action:
Effective date:    
Title: ORD Apv & Auth the Mayor, or Her Desig, & the Corp Sec to Execute & Deliver, for & on Behalf of the City: (1) a 3rd Mortgage Modification Agrmt Among the City, VCP-Roosevelt Bldg, Ltd., & VCP-Roosevelt Garage, LLC; (2) a 3rd Note Modification Agrmt btwn the City & VCP-Roosevelt Bldg, Ltd., for the Purpose of Extending the Maturity Date of the Loan From 3/1/26 to 9/1/26, the Original Loan Having Been Auth by Ord 2001-795-E; (3) a 4th Mortgage Modification Agrmt btwn the City & VCP-Lynch Bldg, Ltd.; & (4) a 4th Note Modification Agrmt btwn the City & VCP-Lynch Bldg, Ltd., for the Purpose of Extending the Maturity Date of the Loan From 3/1/26 to 9/1/26, the Original Loan Having Been Auth by Ord 2000-1079-E; Requiring an Acknowledgment & Consent of Guarantor by the Vestcor Companies, Inc. for each of the Foregoing Loan Modification Agrmts as a Cond of Closing, Together with such other Closing Docs & Technical Changes as May Be Required by the Gen Counsel, or His Desig, & the Mayor’s Offic...
Introducer and/or Co-Sponsor(s): Jimmy Peluso
Assigned Committees: FINANCE, NCSPHS
Legislation Documents: 1. 2026-149 Original Bill, 2. 2026-149 Exhibit 1, 3. 2026-149 On File, 4. 2026-149 BIE, 5. 2026-149 Bill Summary