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Staff member says $6 million loan for 5th Avenue project
Summary
A staff member said a $6,000,000 loan is tied to the 5th Avenue project and that final numbers are pending; the transcript records no vote or ordinance citation.
A staff member said a $6,000,000 loan is associated with the 5th Avenue project and that staff are awaiting final figures.
The statement came during a brief update on project work when the staff member said, "So the loan is 6,000,000." The same speaker also described prior work performed on the 5th Avenue project and noted that final numbers were not yet available: "So when the numbers come back." The transcript does not identify a motion, vote, ordinance number or other formal action tied to the loan.
The disclosure provides an initial dollar figure for financing tied to the 5th Avenue project but does not include details on loan terms, funding sources, or the authority approving the loan. No statutes, resolutions, or contract numbers were cited in the exchange. The transcript records only the staff member’s remarks; no other participant disputed or supplemented the figure on the record.
Next steps recorded in the exchange are limited to awaiting the final numbers. The transcript does not show a formal direction to staff, a vote, or a timeline for returning the full accounting.
