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File #: 2022-0580-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 7/26/2022 In control: City Council
On agenda: 9/13/2022 Final action: 9/13/2022
Effective date:    
Title: ORD Making Certain Findings; Approp $1,231,760 from Gen Fund - GSD Fund Bal to the Downtown Economic Dev Fund; Apv & Auth the CEO of the DIA, or Her Designee, to Execute a Redev Agrmt btwn the DIA & Ale Kings Holdings, LLC, to Support the Renovation & Rehab by Owner of the Bldg Located at 1001 Kings Ave; Auth 3 Downtown Preservation & Revitalization Prog (“DPRP”) Loans, in an Aggregate Amt not to Exceed $1,231,760, to the Owner in Connection with the Redev of the Proj, to be Approp by Subsq 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 Agrmt & Transactions, & Auth Tech 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 3-2 (Cumber & Ferraro)(Defer) 9/6/22 NCSPHS Amend/App...
Introducer and/or Co-Sponsor(s): Downtown Investment Authority
Assigned Committees: FINANCE, NCSPHS
Legislation Documents: 1. 2022-580 Original Bill, 2. 2022-580 Exhibit 1, 3. 2022-580 LFS, 4. 2022-580 Bill Summary, 5. 2022-580 NCSPHS Amd, 6. 2022-580 Exhibit 2, 7. 2022-580 NCSPHS Amd #2, 8. 2022-580-E