File #: R-2022-0053    Version: 1
Type: Resolution Status: Adopted
File created: 1/24/2022 In control: Administration and Finance Committee (INACTIVE)
On agenda: 2/1/2022 Final action: 2/1/2022
Title: Resolution approving the terms and conditions for an Economic Development Forgivable Loan to Lincoln Hospitality Group, LLC, the Holiday Inn Express & Suites, located at 10111 W. Lincoln Avenue, in the amount not to exceed $120,000 funded with CDBG-CV2 funds.
Sponsors: Administration and Finance Committee (INACTIVE)
Attachments: 1. Res_R-2022-0053, 2. Commitment Letter - Lincoln Hospitality Group, LLC (1-27-22), 3. Res_R-2022-0053 - SIGNED, 4. Lincoln Hospitality Group LLC - FULLY EXECUTED (6-8-22)
Related files: 22-0035

Title

Resolution approving the terms and conditions for an Economic Development Forgivable Loan to Lincoln Hospitality Group, LLC, the Holiday Inn Express & Suites, located at 10111 W. Lincoln Avenue, in the amount not to exceed $120,000 funded with CDBG-CV2 funds.

Recommendation

Adopt