Housing items advanced
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The committee approved a consent item correcting a housing loan agreement for 1371 Xenia, LLC to reflect a $900,000 loan, a $100,000 grant, and a 30-year loan term.
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What this means
The committee approved a housing-related agreement correction for 1371 Xenia, LLC. The updated paperwork says the financing includes a $900,000 loan and a $100,000 grant, with the loan running for 30 years. The committee also heard reports on property tax relief and eviction rights and tenant legal services, but the minutes do not say whether any action was taken on those reports.
Key decisions
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- Approved Council Resolution 26-1091 by consent, correcting the loan agreement language for 1371 Xenia, LLC to show a $900,000 loan and a $100,000 grant and to state a 30-year loan term.
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Meeting information
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Community Planning and Housing
Agenda
- Attendance
- Briefings
- Property Tax Relief Program Report
- Eviction Rights and Tenant Legal Services Report
- Consent Items
- Amends a loan agreement with 1371 Xenia, LLC to correct the loan agreement language to state that the funding is provided in a $900,000.00 loan and a $100,000.00 grant and to correct the Promissory note to state the loan term of 30 years, in Council District 8 (HOST-202581299/HOST-202684449-01).
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