Legislation Details

File #: 2026-0457    Version: 1 Name:
Type: Ordinance Status: In Committee
File Introduced: 5/26/2026 In control: Finance Committee
On agenda: 6/2/2026 Final action:
Effective date:    
Title: ORD Making Certain Findings & Auth the Borrowing & Approp from the City’s Commercial Paper Facility in the Amt of $1,000,000, to Prov an Up to $1,000,000, 3 Yr Term, 2.0% Interest Loan to the JHA to Fund the Demolition of Downtown East Apartments (f/k/a Franklin Arms Apartments) & Related Onsite Environmental Remediation Work; Prov for Carryover of Funds to FY 26-27; Amend 2025 504-E, the FY 25-26 Budget Ord, to Replace the Revised Schedule B4 in Order to Auth the Borrowing &/or the Issuance of Debt for the “Downtown East Apartments Demolition” Proj; Auth the City to Enter Into an Agrmt with JHA to Prov the Loan as Further Detailed Therein; Invoking the Exemption of 126.108(G) (Exemptions From Competitive Solicitation), Ch 126 (Procurement Code), Ord Code, to Direct Contract with JHA; Prov for Oversight of the Agrmt by the Finance Depart (Wilson) (Introduced by CM Boylan) 5/26/26 CO Introduced: NCSPHS, R, F 6/1/26 NCSPHS Read 2nd & Rerefer 6/1/26 R Read 2nd & Rerefer 6/2/26 F Read 2n...
Introducer and/or Co-Sponsor(s): Michael Boylan
Assigned Committees: FINANCE, NCSPHS, RULES
Legislation Documents: 1. 2026-457 Original Bill, 2. 2026-457 Exhibit 1, 3. 2026-457 Exhibit 2, 4. 2026-457 Exhibit 3, 5. 2026-457 BIE