File #: 07-1254-1    Version: 1 Name:
Type: City Resolution Status: Withdrawn
File created: 4/16/2008 In control: *Community & Economic Development Committee
On agenda: 6/24/2008 Final action: 6/12/2008
Title: 2) A Resolution Authorizing The City Administrator To Approve A Loan Of Enhanced Economic Community Loan Funds In An Amount Not To Exceed $250,000 To Revolution Food, Inc. To Assist The Company's Relocation And Expansion Project; With No New Date REASON: Revolution Foods, Inc. has not been able to attain a lease and is being assisted by CEDA's Business Attraction staff with seeking other locations. Until the company attains a lease and/or acquire an appropriate real estate location for business, Commercial Lending will not be able to continue processing the loan request. When the company has met all requirements to continue with a loan request we will schedule a new date for the agenda item.
Sponsors: Community & Economic Development Agency
Title
2)   A Resolution Authorizing The City Administrator To  Approve A Loan Of Enhanced Economic Community Loan Funds In An Amount Not To Exceed $250,000 To Revolution Food, Inc. To Assist The Company's Relocation And Expansion Project; With No New Date
 
REASON:   
 
Revolution Foods, Inc. has not been able to attain a lease and is being assisted by CEDA's Business Attraction staff with seeking other locations.  Until the company attains a lease and/or acquire an appropriate real estate location for business, Commercial Lending will not be able to continue processing the loan request.  When the company has met all requirements to continue with a loan request we will schedule a new date for the agenda item.