Agenda Item Title:
Approval the Mayor and Finance Director to Sign Two (2) Copies of the FY24 Community Development Block Grant Subrecipient Contract, and One (1) Copy Each of the Indenture of Restrictive Covenants, 30 Year Forgivable Mortgage, and Promissory Note for Dolan Holdings, LLC
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
10/16/2024
City Council Hearing Date:
10/21/2024
Petitioner:
Finance Department
Staff Contact:
Michelle Schuelke
Location:
Council Chambers
Agenda Item Summary:
Staff is seeking City Council approval for the Mayor and Finance Director to sign two (2) copies of the FY24 Community Development Block Grant Subrecipient Contract and one (1) copy each of the Indenture of Restrictive Covenants, 30 Year Forgivable Mortgage, and Promissory Note for Dolan Holdings, LLC.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
| FY24 CDBG Funds | $64,232.00 |
Is Funding Budgeted?:
Budgeted
Recommendations:
Origination Recommendation Action:
Approve