File #: 2024-0272-E    Version: 1 Name:
Type: Ordinance Status: Enacted
File Introduced: 3/26/2024 In control: City Council
On agenda: 4/23/2024 Final action: 4/23/2024
Effective date: 5/14/2024    
Title: ORD Making Certain Findings, & Auth the Mayor, or her Designee, to Execute: (1) A Development Agrmt btwn the City & Lofts at Southbank, Ltd.; & (2) Loan Docs & Related Docs as Described in the Agrmt, to Support the Development by Company of an 0.88± Acre Site Located at the SW Corner of the Intersection of Prudential Dr & Hendricks Ave in the City; Auth a City Loan in the Amt of $6,000,000 at 1% Interest With a Term of 18 Yrs in Connection With the Proj, to be Appropriated by Subsequent Legislation; Desig the Housing & Community Development Div as Contract Monitor for the Agrmt & Related Agrmts; Prov for City Oversight of the Proj by the Housing & Community Development Div; Auth the Execution of All Docs Relating to the Above Agrmts & Transactions, & Auth Technical Changes to the Docs (Sawyer) (Req of Mayor) 3/26/24 CO Introduced: NCSPHS, F 4/1/24 NCSPHS Read 2nd & Rerefer 4/2/24 F Read 2nd & Rerefer 4/9/24 CO PH Read 2nd & Rerefer 4/...
Introducer and/or Co-Sponsor(s): Mayor
Assigned Committees: FINANCE, NCSPHS
Legislation Documents: 1. 2024-272 Original Bill, 2. 2024-272 LSF, 3. 2024-272 Bill Summary, 4. 2024-272 NCSPHS Amd.pdf
Final documents: 1. 2024-272-E.pdf, 2. 2024-272 On File