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ID#25-0206

Approve a loan in the amount of $1,000,000.00 to SAH Indigo Holdings LP for the acquisition of real property located at 801 Chestnut St. contingent upon the satisfactory outcome of, as determined by the Economic Development and Housing Director, a subsidy analysis, the receipt of a structural evaluation, approval of all funding sources, and a tenant relocation plan; and authorize the appropriate officials to execute documents required to effect closing of the loan.

Action Item Public Hearing Introduced March 3, 2025
Committee
Economic Development & Housing
Requested by
Economic Development & Housing
Introduced
March 3, 2025
On agenda
March 17, 2025

Where it was heard

City Council Mar 17, 2025 approved Pass