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ID#24-1216

Approve funding in the form of a deferred loan in an amount not to exceed $845,000 to be provided by the City of Clearwater to Tampa Bay Neighborhood Housing Services, LLC. for real property located at 1552 S Myrtle Ave. contingent upon staff’s satisfactory review and acceptance of applicable mortgage documentation, title commitment, and a new Land Use Restriction Agreement with a term of no less than 15 years and authorize the appropriate officials to execute documents required to affect closing of the loan.

Action Item Public Hearing Introduced September 18, 2024

What this record is

Held by
Tampa Bay Neighborhood Housing Services, LLC
Amount
$845K
Runs until
no end date published in this record
Type
contract

Read automatically from the title of the official record. The source document below is authoritative.

Committee
Economic Development & Housing
Requested by
Economic Development & Housing
Introduced
September 18, 2024
On agenda
October 3, 2024

Where it was heard

City Council Oct 3, 2024 approved Pass Council Work Session Sep 30, 2024