25-1625A
Authorize the City Manager to negotiate and execute a conditional grant agreement and security documents with Caroline Dallas Tenant, LP, an affiliate of Ojala Partners, LP (together, the Applicant) in an amount not to exceed $2,000,000.00 in 2024 General Obligation Bond Funds (Proposition H: Housing Infrastructure Bond) in consideration of The Caroline, a 344-unit mixed-income workforce development (Project) on property located at 1400 West Commerce Street, Dallas, Texas 75208 and to assist with the extraordinary cost of required on-site, off-site wastewater infrastructure, and streetscape improvements for the Project - Not to exceed $2,000,000.00 - Financing: Housing Infrastructure Bond (H) Fund (2024 General Obligation Bond Fund)
- Committee
- Department of Housing and Community Development
- Requested by
- Department of Housing & Neighborhood Revitalization (HOU)
- Introduced
- May 5, 2025
- On agenda
- May 28, 2025
- Enactment no.
- 25-0825; APPROVED AS AN INDIVIDUAL ITEM
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