The City Council shall discuss and possibly take action on approving a loan to Benjamin Bitter in an amount not to exceed $650,000, which shall be paid back over a 30 year with fixed annual interest calculated based on the City's current investment rate of return +0.5% and authorizing the Mayor to execute the final loan document and deed of trust as approved by the City Attorney's office. Discussion and action.

Committee

City Council Regular Meeting

Requested by

City Manager

Introduced

April 3, 2024

On agenda

April 16, 2024

Passed

April 16, 2024