Authorizing amendments to the term sheet authorized by Legistar File No. 86170 regarding a Tax Incremental Finance Loan to EC Residential LLC, or its assigns, and a grant to the CDA related to the construction of affordable housing at 5546 Element Way in the University Research Park and Tax Incremental District (TID) 46 (District 19).

Resolution Passed Introduced February 11, 2025

Committee: Economic Development Division
Requested by: FINANCE COMMITTEE
Introduced: February 11, 2025
On agenda: February 25, 2025
Passed: February 25, 2025
Enacted: March 3, 2025
Enactment no.: RES-25-00130

Where it was heard

COMMON COUNCIL Feb 25, 2025 Adopt Unanimously Pass FINANCE COMMITTEE Feb 17, 2025 RECOMMEND TO COUNCIL TO ADOPT - REPORT OF OFFICER Pass COMMON COUNCIL Feb 11, 2025 Refer Pass

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