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Council receives notice of a retail revitalization loan to support a restaurant at 12 N. Cheyenne (Gradient Building)
Summary
The Tulsa Economic Development Corporation notified the council of an allowance from the retail revitalization revolving loan fund (RRRLF) to support a restaurant (Natsukashi LLC) at 12 N. Cheyenne; this item was informational (notice) in the agenda and no council vote was recorded.
The agenda included a notice of approval from the Tulsa Economic Development Corporation for a Retail Revitalization Revolving Loan Fund (RRRLF) loan to Natsukashi LLC to support opening a restaurant at 12 N. Cheyenne Avenue (the Gradient Building). City staff said this agenda item is a required notice to the council under the city’s economic incentive policy; no council vote is required for the notice itself.
Councilors asked only clarifying procedural questions and staff offered to provide the economic-incentive policy or additional details on eligibility criteria on request. The transcript contains no substantive debate of loan terms or grants; staff offered to route the item to committee or send information by email if councilors wanted more background.
