City Council

11. LOAN REQUEST FROM NEW VILLAGE ARTS IN THE AMOUNT OF $893,259 FOR THE NEW VILLAGE ARTS\nTENANT IMPROVEMENT PROJECT – 1) Provide direction to staff regarding a loan request from New\nVillage Arts in the amount of $893,259 for the New Village Arts Tenant Improvement Project; and\n2) Consider adoption of a resolution appointing the City Manager, or designee, as the city’s real estate\nnegotiator to negotiate a loan agreement with modified lease terms with representatives of New\nVillage Arts. (Staff contact: Curtis Jackson, Community Services)\nCity Manager’s Recommendation: Provide direction and consider adoption of the resolution.