To authorize the Director of the Department of Development to execute an assignment, assumption, and modification agreement (“Assignment and Assumption Agreement”), and all other necessary agreements or instruments, which assign and modify the HOME Loan Documents for the rental development at 2680 Orono Pike, Reynoldsburg, OH; to authorize the Director of Development to enter into and execute all other necessary agreements, documents, or instruments related to this assignment with the new ownership entity Pheasant Run Homes Rehab, LLC; to authorize the forgiveness of the accrued and unpaid interest in an amount up to $838,648.00. ($0.00)

What this record is

Held by

Pheasant Run Homes Rehab, LLC

Amount

$839K

Runs until

April 1, 2046 19 years away date calculated from a contract term stated in the attached agreement, not quoted directly

Type

amendment

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

Committee

Housing, Homelessness, & Building Committee

Requested by

Dev Drafter

Introduced

April 1, 2026

On agenda

May 18, 2026

Passed

May 20, 2026

Where it was heard

Columbus City Council May 18, 2026 Approved Pass Columbus City Council May 11, 2026 Read for the First Time

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