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Title:
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ORD Making Certain Findings, & Auth the Mayor, or Her Desig, to Execute: (1) an Economic Development Agrmt (“Agreement”) Btwn the City & Tori Meadows, LTD. (“Company”); & (2) Loan Docs & Related Docs as Described in the Agrmt, to Support the Dev by Company of Approx 180 Affordable Housing Units in a Multifamily Residential Housing Facility in the City; Auth a Dev Loan in the Amt of $2,800,000 With a Term of 20 Yrs in Connection With the Proj, to Be Approp by Subsequent Legislation; Desig the Chief of the Housing & Community Dev Div as Contract Monitor for the Agrmt & Related Agrmts; Prov for City Oversight of the Proj by the Neighborhoods Dept, Housing & Community Dev Div; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Technical Changes to the Docs; Prov a Deadline for the Company to Execute the Agrmt; Waiver of That Portion of the PIP Adopted by Ord 2024-286-E, as Amended, to Auth a Dev Loan That is Not Currently Auth by the PIP (Dillard) (Req of Ma...
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