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City council approves loans, contracts and program changes in unanimous votes
Summary
Columbus City Council on April 7 approved a package of loans for workforce housing, design-build contracts for park and cemetery projects, multiple procurement quotes, and set a June 10 special election on a 1% local sales tax extension.
Columbus City Council approved a series of resolutions, vendor quotes and funding actions during its April 7 meeting, including two low-interest loans for workforce housing, design-phase contracts for park and cemetery facilities, multiple procurement quotes for technology and infrastructure, and a resolution calling a special election June 10 on continuation of the city's 1% sales and use tax.
The council unanimously adopted Resolution R25-48 approving an $800,000 loan to Quail Meadows LLC for workforce housing and infrastructure in phase 1, and Resolution R25-49 approving a $1,200,000 loan to Kay Herrmann Development LLC for two workforce housing projects. City staff said both loans are offered at 2% interest and will be repaid into the city's economic development fund to be reused for future projects. "So the $800,000...and the 1.2 are both 2% loans that will be paid back over the next few years into the economic development funds," city staff said during the meeting.
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