Ricine Banner
File #: Res.0333-18    Version: A Name: Amendment to the Wild Root Grant Agreement Allowing the release of $175,000.00 in Approved Grant Funds to Effectuate Closing on 500 Walton Avenue
Type: Resolution Status: Passed
File created: 11/7/2018 In control: City Attorney's Office
On agenda: 11/7/2018 Final action: 11/7/2018
Title: Amendment to the Wild Root Grant Agreement Allowing the Release of $175,000.00 in Approved Grant Funds to Effectuate Closing on 500 Walton Avenue Resolved, that executing amendments to an approved grant agreement to allow for the release of $175,000.00 in approved grant funds to effectuate the closing on real property at 500 Walton Avenue is approved. Fiscal Note: The $390,000.00 grant is funded through the Intergovernmental Shared Revenue Fund as approved by Resolution 0015-18 of May 1, 2018. $175,000.00 drawdown to be used at property closing with the remaining $215,000.00 to be drawn at closing of private financing by December 31, 2019.
Sponsors: Q.A. Shakoor II
Related files: 1075-18

Sponsor

Alderman Shakoor

 

Title

Amendment to the Wild Root Grant Agreement Allowing the Release of $175,000.00 in Approved Grant Funds to Effectuate Closing on 500 Walton Avenue

 

Resolved, that executing amendments to an approved grant agreement to allow for the release of $175,000.00 in approved grant funds to effectuate the closing on real property at 500 Walton Avenue is approved.

 

Fiscal Note: The $390,000.00 grant is funded through the Intergovernmental Shared Revenue Fund as approved by Resolution 0015-18 of May 1, 2018. $175,000.00 drawdown to be used at property closing with the remaining $215,000.00 to be drawn at closing of private financing by December 31, 2019.