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02146
| 1 | | Contingent grant to the Dane Fund to be used to leverage New Market Tax Credits to help refinance Genesis Development Corporation mortgages | Resolution | SECOND SUBSTITUTE - Authorizing the provision of a contingent grant loan of$1,093,100 in CDBG funds to the Dane Fund Inc. to be used to leverage New Market Tax Credits to help refinance finance the Genesis Development Corporation mortgages on its business incubator, revising two prior resolutions that altered the repayment terms from three existing CDBG Loans totaling $970,000 to Genesis Development Corporation, and authorizing the Mayor and the City Clerk to sign agreements and related documents to implement the to effect such changes project through the Dane Fund, Genesis, and entities qualifying under the NMTC laws. | Return to Lead with the Recommendation for Approval | Pass |
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02133
| 1 | | Transfer of a previously approved loan from Madison Community Health Center | Resolution | Authorizing the transfer of a previously approved loan from Madison Community Health Center to a new non-profit subsidiary and authorizing the Mayor and the City Clerk to sign agreements to effect such a change. | Return to Lead with the Recommendation for Approval | Pass |
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