File #: 23-1157    Version: 1 Name:
Type: Other Business Status: Agenda Ready
File created: 8/15/2023 In control: City Council
On agenda: 8/29/2023 Final action:
Title: Discussion and action that the City Manager, on behalf of the City, be authorized to sign upon the recommendation of the Director of Economic and International Development and the approval of the City Attorney's Office: (1) Written Agreement between the City and Medical Center of the Americas Foundation necessary to finalize the consolidated loan; (2) any contract amendment documents to effectuate the consolidation of the previously awarded loans into one loan and to secure and protect the City's lien interest, and (3) releases, and related documents, for all obligations under the previously filed loans; and (4) lien(s) against the properties located at the Cardwell Collaborative Building located at 5130 Gateway Blvd., El Paso, Texas 79905, securing the City's interests pursuant to the terms of the consolidated loan.
Attachments: 1. ED - MCA Lien Release, 2. CC Item 23 MCA Lien Release 2023-08-29, 3. 08-29-23 FULLY EXECUTED - ROL - MEDICAL CENTER OF THE AMERICAS FOUNDATION LOAN
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CITY OF EL PASO, TEXAS

LEGISTAR AGENDA ITEM SUMMARY FORM

 

 

DISTRICT, DEPARTMENT, CONTACT INFORMATIOn:

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Details

District 2

Economic and International Development, Elizabeth K. Triggs, (915) 212-0094

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AGENDA LANGUAGE:

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Title

Discussion and action that the City Manager, on behalf of the City, be authorized to sign upon the recommendation of the Director of Economic and International Development and the approval of the City Attorney’s Office: (1) Written Agreement between the City and Medical Center of the Americas Foundation necessary to finalize the consolidated loan; (2) any contract amendment documents to effectuate the consolidation of the previously awarded loans into one loan and to secure and protect the City’s lien interest, and (3) releases, and related documents, for all obligations under the previously filed loans; and (4) lien(s) against the properties located at the Cardwell Collaborative Building located at 5130 Gateway Blvd., El Paso, Texas 79905, securing the City’s interests pursuant to the terms of the consolidated loan.

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