Agenda Item Title:
Authorize Mayor & Finance Director to sign Life Safety Loan Agreement with Every Child is Special, LLC in an amount not to exceed $75,244.00
Origination Group:
City Council Working Session
Origination Meeting Date:
12/02/2020
City Council Hearing Date:
12/07/2020
Staff Contact:
Pauline Sumption, Finance Director
Agenda Item Summary:
This is a life safety loan to Every Child is Special, LLC for a sprinkler system in their daycare, located at 4703 S Canyon Dr. There are sufficient monies in the fund to approve this request and a Letter of Credit has been received to guarantee the payments.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
| 0420 | |
Recommendations:
Origination Recommendation Action:
Approve