City Council

5. LOAN AGREEMENT AND LEASE AMENDMENT WITH NEW VILLAGE ARTS – Adoption of a resolution\napproving a loan agreement in the amount of $500,000 and a first amendment to the lease agreement\nwith New Village Arts, Inc. for the city-owned property at 2787 State Street, authorizing the City\nManager to execute the loan agreement and first amendment to the lease agreement, and\nappropriating $500,000 from the General Fund Reserve. (Staff contact: Curtis Jackson, Community\nServices)