city of tacoma
File #: RES39035    Version: 1 Name: A resolution modifying the loan agreement with the Thea Foss Waterway Development Authority.
Type: Resolution Status: Adopted
File created: 10/6/2014 In control: City Council
On agenda: 10/21/2014 Final action: 10/21/2014
Title: A resolution authorizing the execution of an amendment to the Loan Agreement with the Foss Waterway Development Authority (FWDA), to allow a portion of the proceeds from the sale of property to be retained by FWDA for operating expenses during the 2015-2016 biennium; and to add additional properties to the list of assets to secure repayment of the $4.1 million General Fund loan. [Andy Cherullo, Director, Finance]
Attachments: 1. Resolution No. 39035, 2. City Council Action Memorandum, 3. Agreement
Title
A resolution authorizing the execution of an amendment to the Loan Agreement with the Foss Waterway Development Authority (FWDA), to allow a portion of the proceeds from the sale of property to be retained by FWDA for operating expenses during the 2015-2016 biennium; and to add additional properties to the list of assets to secure repayment of the $4.1 million General Fund loan.
[Andy Cherullo, Director, Finance]