Shekinah Legacy Holdings, LLC
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February 2025
Authorize amendments to Chapter 380 economic development loan and grant agreements with Shekinah Legacy Holdings, LLC for the 1708 MLK Redevelopment Project, including revised completion deadlines, a loan term reduction from 15 to 2 years, modified job creation requirements, and other clarifications; no new cost to the city.
Authorize amendment and restatement of the Chapter 380 Economic Development Loan Agreement and the Chapter 380 Economic Development Grant Agreement (collectively, the “Agreement”) with Shekinah Legacy
Briefing on proposed amendments and restatements to Chapter 380 economic development loan and grant agreements with Shekinah Legacy Holdings, LLC for the 1708 MLK Redevelopment Project at 1708 Martin Luther King, Jr. Boulevard.
Upcoming Agenda Items: February 12, 2025: Amendment and Restatement of Chapter 380 economic development loan agreement and Chapter 380 economic development grant agreement with Shekinah Legacy Holding