AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a forgivable loan agreement with Pennrose Holding, LLC, or its designee, to provide economic development assistance to partially finance the construction, predevelopment and renovation costs associated with converting two buildings located in Ward 5 service area into affordable apartments for seniors and families, and other associated costs necessary to redevelop the properties.

What this record is

Held by

Pennrose Holding, LLC 2 records across this site

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Construction

construction contracts in ND that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

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Pennrose Holding, LLC also holds

AN EMERGENCY ORDINANCE Authorizing the Director of Economic Development to enter into a Tax Increment Financing Agreement with Pennrose Holding LLC, a… Cleveland, ND

Committee

City Council

Introduced

October 24, 2025

On agenda

November 10, 2025

Passed

November 10, 2025

Enacted

November 10, 2025

Where it was heard

Finance, Diversity, Equity and Inclusion Committee Nov 10, 2025 recommended for approval City Council Nov 10, 2025 approved as amended Pass City Council Oct 27, 2025 read and referred to administrative review

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