File #: R-2022-0307    Version: 1
Type: Resolution Status: Adopted
File created: 4/13/2022 In control: Administration and Finance Committee (INACTIVE)
On agenda: 4/19/2022 Final action: 4/19/2022
Title: Resolution approving the terms & conditions for an Economic Development Loan to Kegel's LLC, for the acquisition of 5831 W. National Avenue, under the Department of Housing and Urban Development Community Development Block Grant Program in an amount up to $80,000.
Sponsors: Administration and Finance Committee (INACTIVE)
Attachments: 1. Res_R-2022-0307, 2. Commitment Letter - Kegel's - Exhibit A, 3. Res_R-2022-0307 - SIGNED, 4. Kegel's FULLY EXECUTED Loan Packet (5-25-22), 5. Kegel's - Mortgage - Recorded (5-26-22)
Related files: 22-0194

Title

Resolution approving the terms & conditions for an Economic Development Loan to Kegel’s LLC, for the acquisition of 5831 W. National Avenue, under the Department of Housing and Urban Development Community Development Block Grant Program in an amount up to $80,000.

 

Recommendation

Adopt