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Urban renewal board delegates staff to finalize $350,000 seismic aid package for Living Waters Church
Summary
Medford urban renewal board directed staff to draft and execute a grant/loan agreement totaling $350,000 (a $175,000 grant and $175,000 0% loan) for seismic retrofit and related work at Living Waters Church, then bring the executed agreement back to the board for ratification. The motion passed with one abstention.
The Medford urban renewal board (MURA) on Sept. 3 directed staff to draft and execute an agreement that would deliver $350,000 to Living Waters Church — split as a $175,000 grant and a $175,000 0% loan secured against the property — for seismic retrofits and completion work.
The board’s motion authorized staff to negotiate and sign the grant-and-loan agreement immediately and return the executed document to the…
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