Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Downtown Matching Loan topic
No spam. Unsubscribe anytime.
Springfield EDA approves settlement to resolve downtown matching loan for 111 Main Street
Summary
The Springfield EDA authorized the city manager to sign a settlement and release agreement with the property owner of 111 Main Street to resolve a downtown matching loan to Swallowtail Spirits; the board approved the motion by unanimous roll-call vote.
The Springfield Economic Development Agency on Jan. 13, 2025, voted to authorize the city manager to enter a settlement and release agreement with the property owner of 111 Main Street to resolve a downtown matching loan provided to Swallowtail Spirits.
Assistant City Manager Neil Adati introduced the item, telling the board: “Tonight we're looking at a settlement agreement between the Springfield Economic Development Agency Board and Mr. Tony Slonaker, owner of 111 Main Street.” He later summarized the request as asking for approval for the city manager to enter the settlement and release agreement to resolve the downtown matching loan to Swallowtail Spirits.
A board member moved approval and the motion was seconded. The board conducted a roll-call vote; each member answered yes as the chair called names, and the chair stated the motion passed. The meeting transcript records affirmative votes by Van Gordon, Weber, Moe, Rodley, Blackwell, Doyle, Stout, Lovell and Bradley.
The board did not discuss terms of the settlement in detail on the public record during the meeting and did not state dollar amounts or specific settlement conditions during the item. The motion as recorded authorized the city manager to execute the settlement and release agreement; no additional direction or follow-up items were recorded on the transcript.
