Share to Facebook Share to Twitter Bookmark and Share
File #: 2022-0572-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 7/26/2022 In control: City Council
On agenda: 8/24/2022 Final action: 8/24/2022
Title: ORD Making Certain Findings, & Apv & Auth the CEO of DIA, or Her Designee, to Execute a Redevelopment Agrmt btwn the DIA & Lotus Commercial USA LLC or its Assigns, to Support the Renovation & Rehab by Developer of the Bldg Known Generally as the Furchgott’s Bldg Located at 128 W. Adams St; Auth 3 Downtown Preservation & Revitalization Prog Loans, in an Aggregate Amt Not to Exceed $7,150,690, to the Developer in Connection with the Redevelopment of the Proj, to be Approp by Subsequent Legislation; Designating the DIA as Contract Monitor for the Agrmt; Prov for Oversight of the Proj by the DIA; Auth the Execution of All Docs Relating to the Above Agrmt & Transactions, & Auth Technical Changes to the Docs (Sawyer) (Introduced by CP at Req of DIA) 7/26/22 CO Introduced: NCSPHS, F 8/1/22 NCSPHS Read 2nd & Rerefer 8/2/22 F Read 2nd & Rerefer 8/9/22 CO PH Read 2nd & Rerefer 8/15/22 NCSPHS Amend/Approve 5-0 8/16/22 F Amend/Approve 7-0 8/24/22 CO Amend/Ap...
Introducer and/or Co-Sponsor(s): Downtown Investment Authority
Assigned Committees: FINANCE, NCSPHS
Attachments: 1. 2022-572 Original Bill, 2. 2022-572 Exhibit 1, 3. 2022-572 LFS, 4. 2022-572 Bill Summary, 5. 2022-572 PD & PC Report, 6. 2022-572 NCSPHS Amd, 7. 2022-572-E