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Packet lists $500,000 UDAG loan proposal to Build Ohio Acquisition & Holding Company and Canton for All People
Summary
Ordinance No. 037-26 would authorize a $500,000 Urban Development Action Grant (UDAG) loan to Build Ohio Acquisition & Holding Company, LLC and Canton for All People, Inc.; the measure is listed under new business with an emergency declaration in the packet.
Ordinance No. 037-26 appears in the May 18 packet proposing an execution of a loan agreement for UDAG proceeds in the amount of $500,000 to Build Ohio Acquisition & Holding Company, LLC and Canton for All People, Inc. The packet text indicates the loan would be authorized and declares an emergency.
The item is listed under new business; the packet does not include a full loan agreement, repayment terms, or a recorded council vote. The listing identifies the recipients by name and a specific dollar amount, which are the clearest factual details in the packet.
