82564
SUBSTITUTE Authorizing the Mayor and City Clerk to execute a development agreement and authorizing an amendment to the 2024 Capital Budget to fund a $1,669,000 Tax Incremental Finance Loan to Vermillion Madison LLC, or its assigns, to upgrade sanitary sewer and associated costs and construct approximately 328 units of market rate housing and approximately 361 parking stalls located at 1617 Sherman Avenue in Tax Incremental District (TID) 54. (District 12)
What this record is
- Held by
- Vermillion Madison LLC
- Amount
- $1.67M
- Runs until
- no end date published in this record
- Type
- amendment
- Field
- Construction
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic Development Division
- Requested by
- FINANCE COMMITTEE
- Introduced
- March 19, 2024
- On agenda
- April 16, 2024
- Passed
- April 16, 2024
- Enacted
- April 18, 2024
- Enactment no.
- RES-24-00273