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Johnston approves $60,000 forgivable loan for proposed West Park medical office
Summary
The City Council approved a $60,000 three-year forgivable loan to J4 North LLC to support a proposed 4,700-square-foot medical office in the Northwest 100th Street urban renewal area; staff said the shorter loan term responds to a TIF district sunset.
The Johnston City Council on Tuesday approved Resolution 25-225 authorizing a $60,000 forgivable loan agreement with J4 North LLC to support a proposed 4,700-square-foot medical office in West Park.
City staff presented the project and the incentive recommendation, saying the developer, represented at the meeting by Mike Johnson, intends a total investment of at least $2,060,000 and the creation and maintenance of 14 jobs. Staff said the project sits inside the Northwest 100th…
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