File #: 2024-0452-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 5/28/2024 In control: City Council
On agenda: 6/25/2024 Final action: 6/25/2024
Effective date: 6/26/2024    
Title: ORD Approp $7,600,000 from the Gen Fund Operating Reserves to Provide a Construction Loan to Fuqua BCDC One Riverside Project Owner, LLC (Developer), Assignee of Fuqua Acquisitions II, LLC, Pursuant to the Settlement Agrmt & Amendment 2 to Redev Agrmt Authorized Hereby; Auth the Mayor, or Her Designee, & Corp Sec to Execute & Deliver, for & on Behalf of the City: (1) a Settlement Agrmt btwn the City & Developer in Connection With the Redev Agrmt Dated 12/20/21 (Redev Agrmt), Previously Authorized by 2021-796-E; (2) an Amendment 2 to Redev Agrmt by & Among the City, DIA, Developer & TBR One Riverside Owner, LLC, as Partial Assignee of Developer, Amend the Redev Agrmt as Previously Amended by Amendment 1 to Redev Agrmt Dated 10/12/22, as Authorized by Ord 2022-493-E, to Modify the Performance Schedule & Associated Terms of the Agrmt & Authorize the Construction Loan Pursuant to the Settlement Agrmt; & (3) Loan Docs & Related Docs as Described i...
Introducer and/or Co-Sponsor(s): Downtown Investment Authority
Assigned Committees: FINANCE, NCSPHS
Legislation Documents: 1. 2024-452 Original Bill.pdf, 2. 2024-452 Exhibit 2.pdf, 3. 2024-452 LFS.pdf, 4. 2024-452 Bill Summary, 5. 2024-452 NCSPHS Amd
Final documents: 1. 2024-452-E.pdf, 2. 2024-452 Exhibit 1.pdf, 3. 2024-452 Revised Exhibit 2, 4. 2024-452 Exhibit 3.pdf