city of tacoma
File #: RES39517    Version: 1 Name: RES - Valhalla Hall TCRA loan agreement
Type: Resolution Status: Adopted
File created: 8/1/2016 In control: City Council
On agenda: 8/16/2016 Final action: 8/16/2016
Title: A resolution authorizing the execution of a regulatory agreement and a 30-year loan agreement with the Tacoma Community Redevelopment Authority, for use of up to $3,000,000, budgeted from the Urban Development Action Grant Program Income Funds, to assist with development of the Valhalla Hall project. [Carey Jenkins, Housing Division Manager; Ricardo Noguera, Director, Community and Economic Development]
Attachments: 1. Resolution No. 39517, 2. City Council Action Memorandum, 3. Loan Agreement, 4. Regulatory Agreement, 5. Deed of Trust, 6. Promissory Note

Title

A resolution authorizing the execution of a regulatory agreement and a 30-year loan agreement with the Tacoma Community Redevelopment Authority, for use of up to $3,000,000, budgeted from the Urban Development Action Grant Program Income Funds, to assist with development of the Valhalla Hall project.

[Carey Jenkins, Housing Division Manager; Ricardo Noguera, Director, Community and Economic Development]