Approve $300,000 loan to Police Activities League for youth center expansion
$300,000
In Plain English
The Police Activities League needs temporary funding to expand their youth center. The city lends PAL $300,000 with interest and secures the loan against PAL property. If approved, PAL must repay the loan with interest on a schedule set by the promissory note.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
9 to 0
Community Discussion
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Similar Discussions
5 related items found by meaning
Write off $60,000 in unpaid loan interest owed by Police Activities League
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Approve $325,000 annually to fund Richmond Police Activities League youth programs
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Approve $600,000 agreement to fund Police Activities League programs
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