Ordinance O2024-0012550
Passed
Financial restructuring, sale, transfer of ownership and assumption of City debt from Ellis Neighborhood Development Corporation to Veritus Karibuni LLC of permanent supportive living facility at 8200 S Ellis Ave
Auto-generated summary
The Department of Housing (DOH) has approved the restructuring of the City Loan and the transfer of the property and obligations from Ellis Neighborhood Development Corporation to Ventus Karibuni LLC, managed by Steve Perez and Zach Elman. This restructuring includes the assumption of the City Financing Documents and existing City debt associated with the property. The Material Terms of the restructuring will not alter the principal amount, interest rate, or maturity date of the City Loan, among other conditions.
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- 20224-0012550 EDSs_Redacted.pdf
- O2024-0012550 Mayorall Letter.pdf
- O2024-0012550 Digital Tracking Sheet.pdf