File #: 2023-0088-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 2/14/2023 In control: City Council
On agenda: 2/28/2023 Final action: 2/28/2023
Effective date: 3/1/2023    
Title: ORD Apv & Auth the CEO of the DIA, or Her Designee, to Execute a Redev Agrmt Btwn the DIA & Lofts at Cathedral, Ltd., to Support the Renovation & Rehabilitation by Developer of a Historic Bldg located at 325 E. Duval St; Auth 3 Downtown Preservation & Revitalization Prog (DPRP) Loans, in an Aggregate Amt Not to Exceed $2,398,400.00, to the Developer in Connection with the Proj, to Be Approp by Subsequent Legislation; Waiving the DPRP Guidelines to Auth a 16-Yr Loan term For the DPRP Deferred Principal Loan; Amend the Home Investment Partnership (HOME) & State Housing Investment Partnership (SHIP) Loan Modification Terms Appvd by the City Council Pursuant to Ord 2017-849-E, As Amended by Ord 2019-855-E, & Auth the Execution of Subordination Agrmts Relating Thereto; Desig the DIA As Contract Monitor For the Agrmts; Prov For Oversight of the Proj by the DIA; Auth the Execution of All Docs Relating to the Above Agrmt & Transactions, & Auth Technical Changes ...
Introducer and/or Co-Sponsor(s): Terrance Freeman
Assigned Committees: FINANCE, NCSPHS, RULES
Legislation Documents: 1. 2023-88 Original Bill, 2. 2023-88 Exhibit 1, 3. 2023-88 Bill Summary, 4. 2023-88 On File, 5. 2023-88 NCSPHS Amd.pdf
Final documents: 1. 2023-88-E, 2. 2023-88 Revised Exhibit 1.pdf, 3. 2023-88 Exhibit 2.pdf