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 50 Jefferson Avenue, Columbus; to authorize the Director of the Department of Development to consent to the transfer of a 99.99% interest in Jefferson Avenue to Four Chimneys, a wholly owned subsidiary of Jefferson Center, and to further authorize the Director of the Department of Development to consent to a transfer of a 0.01% interest in Jefferson Avenue to Sawmill; and to authorize the Director of the Department of Development to execute all other necessary agreements or instruments, in consultation with the City Attorney’s Office, to effect the transfer of interests and obligations from Community Housing Network to Jefferson Avenue as necessary to achieve or maintain compliance with regulations and guidance from HUD; and to declare an emergency. ($0.00)

What this record is

Held by

Community Housing Network 5 records across this site

Runs until

no end date published in this record

Type

amendment

Field

Professional services

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

Community Housing Network also holds

To authorize the Director of the Department of Development to modify and extend an existing escrow agreement with Community Housing Network Inc. (CHN)… Columbus, OH This ordinance authorizes the appropriation and expenditure in an amount up to $502,585.15 of HOME Investment Partnerships Program (HOME-ARP) funds fr… $503K Columbus, OH ends Jul 31, 2030 To authorize the Director of Development to enter into a grant agreement in an amount up to $50,000.00 with Community Housing Network, Inc., one of si… $50K Columbus, OH To authorize the Director of the Department of Development to enter into an option agreement or agreements as needed to sell and transfer by quitclaim… Columbus, OH

Committee

Housing, Homelessness, & Building Committee

Requested by

Dev Drafter

Introduced

October 28, 2024

On agenda

November 18, 2024

Passed

November 21, 2024

Where it was heard

Columbus City Council Nov 18, 2024 Approved Pass