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Rockford Sun

Thursday, November 21, 2024

City of Rockford Planning & Development Committee will meet October 28

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Aprel Prunty, Alderman - Ward 6 | City of Rockford

Aprel Prunty, Alderman - Ward 6 | City of Rockford

City of Rockford Planning & Development Committee will meet on October 28.

Here is the agenda provided by the committee:

I. CALL TO ORDER 

II. COMMITTEE REPORTS 

      1. Approval of the Proposed Funding Agreement (long-term loan) in the amount of $500,000 annually for two years for the continued capitalization and advancement of a Community Development Financial Institution (CDFI) in partnership with Northern Illinois Community Development Corporation (NICDC) and Rockford Local Development Corporation (RLDC) and Local Financial Institutions. The funding source is the Casino Tax Revenue Plan. 

      2. Approval of the Proposed Funding Agreement in the amount of $100.000 with Discovery Center Museum Park for HVAC Replacement Project for the multitenant building located at 711 N. Main Street. The funding source is the Budget Surplus Plan. 

III. ADJOURNMENT

http://rockfordcityil.iqm2.com/Citizens/FileOpen.aspx?Type=14&ID=4000&Inline=True

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