O-566-24

Authorizing the City to enter into agreements with the United States Secretary of Housing and Urban Development for loan guarantee assistance to provide funds necessary to pay costs of acquiring and installing furniture, fixtures and equipment for and improving the Delta Hotel by Marriott and its site; authorizing the issuance and sale of special limited obligation revenue notes to evidence the loan to be obtained under that federal loan guarantee assistance program; authorizing the pledge and assignment of the City’s present and future community development block grants as security for the notes, appropriating the proceeds of the notes and authorizing expenditure of those funds; authorizing and approving related agreements; and declaring an emergency.

Ordinance Approved Introduced November 6, 2024

Where it was heard