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Council directs legal to prepare resolution for Lot 10 subrecipient agreement; disbursement schedule flagged for review
Summary
Council reviewed a draft subrecipient agreement for Lot 10 neighborhood redevelopment and asked legal to prepare a resolution approving the agreement; staff highlighted a four‑stage reimbursement schedule and said the draft tracks the city’s standard subrecipient template
At the Sept. 22 work session, city legal staff presented a revised subrecipient agreement for the Lot 10 redevelopment project and a proposed disbursement schedule. The agreement is intended to govern transfer and reimbursement of grant funds to a subrecipient developer if council approves the resolution to accept and administer the grant.
What staff presented
City counsel said the draft mirrors the standard city subrecipient agreement with project‑specific whereas clauses and that the…
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