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Committee backs Soul Spot loan agreement for Fox Valley Mall; forwarded on consent
Summary
The Committee of the Whole heard a presentation on a proposed loan to help open Soul Spot, a soul food restaurant in Fox Valley Mall (item 25-0181). Staff said the loan would be funded from a city transformation fund, not the general fund; the committee placed the item on consent with no objections.
City economic development staff and Fox Valley Mall representatives presented a loan agreement April 1 to support the opening of Soul Spot, a soul‑food restaurant proposed for Unit E4 at Fox Valley Mall; the Committee of the Whole placed the item on consent with no objections.
David Debo, director of economic development, introduced the project and said staff used the city’s transformation fund for the proposed loan. “These are dollars that does not come from the general fund. They're not taxpayer dollars,” Debo said, describing the source as proceeds from a prior city transaction…
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