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city of tacoma
File #: RES41725    Version: 1 Name: RES - Loan Agreement with Ceiba Redevelopment LLLP
Type: Resolution Status: Adopted
File created: 6/26/2025 In control: City Council
On agenda: 7/29/2025 Final action: 7/29/2025
Title: A resolution authorizing the execution of a loan agreement with Ceiba Redevelopment LLLP, in the amount of $1,000,000, budgeted from the Community and Economic Development Special Revenue Fund, for a redevelopment initiative involving three properties between Market Street and St. Helens Avenue along South 9th Street. [Debbie Bingham, Business and Economic Development Manager; Tanja Carter, Director, Community and Economic Development]
Attachments: 1. Resolution No. 41725, 2. City Council Action Memorandum, 3. Agreement, 4. Presentation

Title

A resolution authorizing the execution of a loan agreement with
Ceiba Redevelopment LLLP, in the amount of $1,000,000, budgeted
from the Community and Economic Development Special Revenue
Fund, for a redevelopment initiative involving three properties between
Market Street and St. Helens Avenue along South 9th Street.

[Debbie Bingham, Business and Economic Development Manager;

Tanja Carter, Director, Community and Economic Development]