ORDINANCE NO. 230374
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Sponsor: Director of Housing and Community Development Department
Authorizing the Director of the Housing and Community Development Department to negotiate and execute a Central City Economic Development Funding Agreement with Sisters in Christ Serenity House in the amount of $678,268.00 for the purpose of rehabilitation of existing transitional residential home located at 2604 Lockridge Street; and appropriating money for such purpose.
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WHEREAS, Sisters in Christ Serenity House ("Developer") has proposed to rehabilitate existing Sisters in Christ Serenity House a transitional home which includes 5 residential units to be located in Santa Fe along Prospect Avenue and Lockridge Street (the "Project Site"); and
WHEREAS, the Developer's proposal will provide 5 transitional units for women that includes assistance obtaining legal documents like birth certificates, state issued identification, medical and mental health services and assistance with legal issues that may be pending; and
WHEREAS, the Developer's proposal contemplates a financing package that includes Central City Economic Development Sales Tax Funds; and
WHEREAS, the Developer requested a public contribution of $678,268.00 and the Central City Economic Development Sales Tax Board has recommended that funding be approved in the amount of $678,268.00; and
WHEREAS, the project serves a predominantly public municipal purpose because, without limitation, completion of the project (i) enhances the tax base of the Project Site; (ii) retains and generates jobs; (iii) promotes economic development in the area of the City in which the Project Site is located, and promotes consideration of areas of the City that the City Council has determined to be blighted as a location for business operations; (iv) results in generation of tax revenues to the City from the conduct of business and other activities in the City that would not otherwise occur; ...
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