File #: 2022-0862-A    Version: 1 Name:
Type: Resolution Status: Adopted
File Introduced: 11/22/2022 In control: City Council
On agenda: 12/13/2022 Final action: 12/13/2022
Effective date:    
Title: RESO Approp $500,000 from the NW OED Fund – Transfer from Fund Balance for the Purpose of Prov a $500,000 Large Scale Economic Dev Fund (LSEDF) Grant to Proj Cashew (Company), in Connection with the Infrastructure Costs & Building Improvements to be Made by the Company at the Proj Parcel; Purpose of Approp; Apv & Auth the Mayor, or His Designee, & the Corp Sec to Execute & Deliver, For & On Behalf of the City, the Economic Dev Agrmt btwn Company and the City; Auth a LSEDF Grant to the Company in the Amt of $500,000; Auth a $3,100,000 REV Grant; Designation of Auth Official & Contract Monitor; Auth Appvl of Tech Amends by the Executive Dir of the OED; Prov for City Oversight by OED; Prov a Deadline for the Company to Execute the Agrmt; Affirm the Proj’s Compliance with the NWJEDF Guidelines Appvd & Adopt by Ord 2016-779-E, as Amend; Waiver of that Portion of the Public Investment Policy Adopt by Ord 2022-372-E, as Amend, to Auth a Large Scale Economic Dev Fun...
Introducer and/or Co-Sponsor(s): Mayor, Tyrona Clark-Murray
Assigned Committees: FINANCE, RULES
Legislation Documents: 1. 2022-862 Original Bill, 2. 2022-862 LFS, 3. 2022-862 Bill Summary
Final documents: 1. 2022-862-A, 2. 2022-862 Exhibit 1, 3. 2022-862 Exhibit 2, 4. 2022-862 On File