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 6300 George’s Creek Drive, Canal Winchester, Ohio; 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 George’s Creek Homes Rehab, LLC; to authorize the interest rate reduction from 8.5% to 2.0%; to authorize the forgiveness of the accrued and unpaid interest in an amount up to $1,491,729.30. ($0.00)

Ordinance Passed Introduced June 1, 2026

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