Amending the Economic Development Division Capital Budget to authorize an additional $1.0 million in General Fund-supported GO Borrowing for tenant improvements for the lease of Unit 2 of the Fourteen02 Park Condominium as part of the Truman Olson redevelopment and authorizing an amendment to the lease with Maurer’s Urban Market as grocery operator, and the execution of documents related to the provision of electric service to Unit 2 of the Fourteen02 Park Condominium, construction of grocery, and tenant improvements, the execution of condominium documents for the Project and appointing the Economic Development Division Director (District 13).

Committee

Economic Development Division

Requested by

FINANCE COMMITTEE

Introduced

April 9, 2024

On agenda

April 16, 2024

Passed

May 7, 2024

Enacted

May 13, 2024

Enactment no.

RES-24-00315

Where it was heard

COMMON COUNCIL May 7, 2024 Adopt Unanimously Pass FINANCE COMMITTEE May 6, 2024 FINANCE COMMITTEE May 6, 2024 RECOMMEND TO COUNCIL TO ADOPT (15 VOTES REQUIRED) - REPORT OF OFFICER Pass COMMON COUNCIL Apr 16, 2024 Referred

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