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Heath council approves EDC agreement and land sale for 1880 Kitchen, tying loans to construction milestones
Summary
Council unanimously approved agreements enabling Troubadour Food and Beverage LLC to buy 1.639 acres for $500,000 and receive a two-part loan package up to $400,000 (a $250,000 0% construction reimbursement loan and a conditional $150,000 reimbursement if the restaurant opens by Dec. 31, 2027); EDC will retain second-lien status and require financial reporting.
The Heath City Council unanimously approved an Economic Development Corporation agreement that allows Troubadour Food and Beverage LLC (the 1880 Kitchen project) to purchase 1.639 acres for $500,000 and receive a two-part incentive loan that can total $400,000.
EDC chairman Michael Zelenskus summarized the revised terms: an upfront $500,000 purchase, a $250,000 zero‑percent loan tied to hard construction costs and reimbursable invoices, and an additional $150,000…
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