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86614

Providing Silk Road Restaurant or its assigns a $117,500 loan to purchase a commercial property at 1920 South Park Street through the Commercial Ownership Assistance program funded by the TID 51 Small Business Development programs using TID #51 incremental revenue as authorized in the TID #51 Project Plan (RES-23-00208) adopted by the Common Council on March 7, 2023). (District 14)

Resolution Passed Introduced January 7, 2025

What this record is

Amount
$118K
Runs until
no end date published in this record
Type
purchase

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

Committee
Economic Development Division
Requested by
FINANCE COMMITTEE
Introduced
January 7, 2025
On agenda
January 14, 2025
Passed
January 28, 2025
Enacted
February 3, 2025
Enactment no.
RES-25-00065

Where it was heard

COMMON COUNCIL Jan 28, 2025 Adopt Unanimously Pass FINANCE COMMITTEE Jan 21, 2025 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass ECONOMIC DEVELOPMENT COMMITTEE (ended 3/2026) Jan 15, 2025 Return to Lead with the Recommendation for Approval COMMON COUNCIL Jan 14, 2025 Referred