City of Racine - File #: 0239-24

• File #: 0239-24
• Version: A
• Type: Communication
• Status: Passed
• File created: 3/8/2024
• In control: Common Council
• On agenda: 4/15/2024
• Final action: 4/15/2024
• Title: Subject: Communication sponsored by Mayor Mason requesting approval to restructure two outstanding loans held by DPM Entertainment, LLC, dba Kouzena200. Recommendation of the CDBG Advisory Board on 04-08-24: To approve the term extensions for both loans as presented in closed session. Fiscal Note: No budgetary impact is associated with this request as this is a loan repayment. All payments made will be directed back into the revolving loan fund as program income.

Date	Ver.	Action By	Action	Result
4/15/2024	A	Common Council	Approved as Presented	Pass
4/8/2024	A	Community Development Block Grant Advisory Board	Recommended For Approval	Pass

Title

Subject: Communication sponsored by Mayor Mason requesting approval to restructure two outstanding loans held by DPM Entertainment, LLC, dba Kouzena200.

Recommendation of the CDBG Advisory Board on 04-08-24: To approve the term extensions for both loans as presented in closed session. 

Fiscal Note: No budgetary impact is associated with this request as this is a loan repayment. All payments made will be directed back into the revolving loan fund as program income.