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information/projections needed to complete underwriting and just a few more pieces of information are needed. <br />Loan Approval Recommendation <br />L City Council approval of a forgivable $30,538.20 (70%) SAC and WAC loan to Bossman Inc. dba <br />Chanticlear Pizza; subject to underwriting by CMDC and City Attorney review (Staff/EDA <br />recommendation) <br />2. City Council approval of a $ (_%) SAC and WAC loan to Bossman Inc. dba Chanticlear <br />Pizza; subject to underwriting by CMDC and City Attorney review (with changes) <br />3. Something else <br />Funding Source: <br />$11,403.70 - City Water Fund <br />$19113 4.5 0 - EDA Fund <br />Recommendation: <br />Staff and EDA recommendation is for the EDA to recommend to the City Council approval of <br />a $30,538-20 (70%) SAC and WAC loan to Bossman Inc. dba Chanticlear Pizza; subject to <br />underwriting by CMDC and City Attorney review -(as presented) <br />The EDA met on December 14, 2023 and unanimously approved the recommendation above. The draft <br />minutes from that meeting are attached. <br />Outcome/Action: <br />Motion to adopt Resolution #24-020 Approving Loan from Restaurant Subsidy Program: Bossman Inc. <br />dba Chanticlear Pizza; subject to underwriting by CMDC and City Attorney review. (as presented) <br />Attachments <br />Site Location Map <br />ACTION - Resolution #24-020 <br />Application and Site Layout <br />Projected Job Creation <br />Restaurant Subsidy Program Policy <br />SAC and WAC Fee Breakdown <br />REFERENCE - DRAFT EDA MTG MIN 12.14.23 Excerpt <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 01 /04/2024 10:3 3 AM <br />Form Started By: Sean Sullivan Started On: 12/21/2023 02:34 PM <br />Final Approval Date: 01 /04/2024 <br />