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)

What this record is

Amount

$118K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

purchase

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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

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