File #: 15-0923    Version: 1 Name: metroplains term sheet
Type: Resolution Status: Divided
File created: 9/1/2015 In control: Common Council
On agenda: 10/8/2015 Final action: 10/8/2015
Title: Resolution approving the amended Term Sheet with MetroPlains Partners, LLC and MetroPlains, LLC.
Sponsors: Francis J. Formanek
Attachments: 1. Proposed Loan and Affordable Housing Agreement 10-8-15, 2. Proposed Exhibit A - PROMISSORY NOTE 10-8-15, 3. Proposed Exhibit C - MORTGAGE 10-8-15, 4. Proposed Amd from Developer, 5. Development Agreement 10-1-15, 6. Exhibit A - Legal Description, 7. Exhibit B - Project Description, 8. Exhibit D - Public Improvements, 9. Exhibit E - Project Cost Breakdown, 10. Exhibit F - Construction Schedule, 11. Exhibit G - Monetary Obligation Example, 12. Resolution, 13. Term Sheet #3, 14. Agreement, 15. Amortization Schedule, 16. Mortgage, 17. Promissory Note, 18. EDC Report 9-25-15
Related files: 15-1067, 15-1068, 18-0180, 18-0136

Title

Resolution approving the amended Term Sheet with MetroPlains Partners, LLC and MetroPlains, LLC.

Fiscal Note

$500,000 CDBG plus $141,845 in reverse TIF (TID14)