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2021-36 - Loan for historic preservation of Bi-Rite
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2021-36 - Loan for historic preservation of Bi-Rite
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Last modified
9/9/2021 4:06:20 PM
Creation date
9/9/2021 3:08:17 PM
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Office Of Council
Document Type
Resolutions
Number
2021-36
Date Adopted
9/7/2021
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Community Development Block Grant <br />Economic Development Fund Loan Agreement <br />Between <br />The City of Lakewood <br />Little Jemmy, LLC <br />This Loan Agreement (Agreement) is made and entered into thisday of 2021 <br />(Effective Date) by and between the City of Lakewood (City or Lender), an"' Rio municipal corporation, and <br />27 <br />Little Jemmy, LLC (Borrower), an Ohio Limited Liability Com p 4y locate 13369 Madison Avenue, <br />� ." <br />Lakewood, Ohio 44107 duly organized and validly existing under thii4"'awf the State f,Dhio by and through its <br />duly authorized representative. <br />Reci <br />and <br />EAS -11,1--adonted R6'* -n <br />Lakewoodw XXXX4�M attached hereto as Exhibit. <br />....... ... .................... .......... <br />eof by this refer`enctas if fully ewrittei,,i on DAME approving the Loan as described herein. <br />Section 1.01 Loan Project <br />Borrower shall undertake, or cause to be undertaken, permanent improvements to the structure located at <br />12501 Madison Avenue, Lakewood, Ohio 44107 further described in the CDBG Economic Development Fund <br />Project Profile, attached hereto as Exhibit B and made a part hereof by this reference as if fully rewritten. <br />Page 1 of 14 <br />
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