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Recommendation: <br />Based on Discussion <br />Outcome/Action: <br />Council consensus on whether or not to proceed with the proposed financing structure adding the requirement of <br />Assumption of Mortgage. All terms and conditions of the loan will ultimately need to be formally approved by <br />City Council/EDA Action at a later date. <br />Site Location Map <br />CONSENSUS - Revised Bank Term Sheet <br />CONSENSUS - Revised Financing Structure <br />Redevelopment Plan Schedule <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 06/04/2026 12:25 PM <br />Form Started By: Sean Sullivan Started On: 06/01/2026 02:19 PM <br />Final Approval Date: 06/04/2026 <br />